HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Send to Kindle
Bulgaria's Minister of Labor and Social Policy in the Socialist-led government, Hassan Ademov, photo by BGNES
Bulgarian Social Policy and Labor Minister Hassan Ademov is proposing a mechanism whereby the minimum monthly wage will be updated each year.
The update will take into account inflation and will be bound by the amount of the average wage.
The minimum monthly wage, after taxes and insurance have been deducted, will not be allowed to fall below the amount of the specified poverty line, reported Friday the Bulgarian public radio, BNR.
The updated amount will become effective at the beginning of each year, and the government will determine monthly and hourly rates for the minimum wage.
The mechanism provides that the amount of the minimum wage should not be less than 35% of the average wage for the last quarter for which statistics are available, and should not exceed 55 % of it.
The monthly amount of the minimum wage will be multiplied by the consumer price index for the year, compared to the previous year.
The proposal will be submitted next week for consideration to the National Three-Way Council between the government, the trade unions and the business.
The Bulgarian government has finalized the minimum wage for 2026, setting it at 1,213 leva (620.20 euros) per month, effective January 1
In Sofia, unemployment benefits remain above the minimum wage
The minimum wage in Bulgaria will rise to 620 euros, equivalent to 1,213 leva, starting January 1, 2026
The National Council for Tripartite Cooperation (NCTC) in Bulgaria once again failed to reach a consensus on the country’s minimum wage for 2026
Despite a noticeable rise in Bulgaria’s minimum wage in recent years, the number of employed individuals living below the poverty line continues to grow
Stoyan Panchev, economist at the Expert Club for Economics and Politics, expressed confidence that loan interest rates in Bulgaria are unlikely to rise following the country’s entry into the eurozone
Dr. Boyko Takov: Analytical and empirical results from ongoing projects constitute a solid information base
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Mobile slot gaming has exploded in popularity, and it’s easy to see why.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Boris Azarenko is an entrepreneur whose professional background lies in banking and finance and who later founded major property development businesses.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
