Bulgaria’s Government: Minimum Wage to Be Raised to BGN 650 As of January 2021

Business » FINANCE | November 25, 2020, Wednesday // 15:22
Bulgaria: Bulgaria’s Government: Minimum Wage to Be Raised to BGN 650 As of January 2021 pexels.com

The minimum wage in Bulgaria will become BGN 650. From 1 January 2021, it will rise by 6.6% compared to this year, the government has decided.

The proposed new minimum wage of BGN 650 will contribute to reducing in-work poverty, bridging the gap in income distribution, increasing purchasing power and consumption of the lowest-income groups on the labor market. It will also boost the motivation of the workforce and reduce unfair competition. From January 1, the minimum hourly wage will be BGN 3.92.

 

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