The English Premier League Cup to Visit Sofia on February 25
The English Premier League Cup, one of the most prestigious trophies in football, will make its way to Bulgaria
The Bulgarian government has proposed for the minimum wage in the country to become between 35 % and 55 % of the average remuneration.
The cabinet has made the proposal to the employers' organisations and trade unions, daily Dnevnik informs.
This becomes clear from a statement of objection submitted by the Bulgarian Industrial Capital Association (BICA).
At present, the minimum wage is defined administratively.
This year the minimum wage was increased twice – first to BGN 360 on January 1 and then to BGN 380 on July 1.
The plans of the Finance Ministry foresee for the minimum wage to increase to BGN 420 next year and to BGN 460 in 2017.
According to the data of the National Statistical Institute (NSI), the average wage in the first quarter of 2015 stood at BGN 859.
This means that in the first quarter of the year, the minimum wage in Bulgaria amounted to 42 % of the average remuneration.
The statement of BICA proposes for the minimum wage to be in the range between 30 % and 40 % of the average pay and to be negotiated on economic activities between employers and trade unions.
According to BICA, the results of the policy of administrative increase of the minimum wage are negative, the most visible shortcoming being the rise of the unemployment rate among low-qualified employees.
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability