Christmas Benefits: 2/3 Employers in Bulgaria Grant Holiday Bonuses
A recent survey sheds light on the evolving trends in Christmas bonuses among Bulgarian employers, indicating a shift in their approach towards year-end rewards
The Bulgarian Industrial Association (BIA) is launching a project to encourage a longer working life.
The funding of the project “Joint action by the social partners for adapting the working environment to the specific age-related needs of different generations” – over 850,000 euro – will be provided by the European Social Fund under the operational programme "Human Resources Development, Education and Life Lifelong Learning", BNR reported.
It will be implemented by the Bulgarian Industrial Association in partnership with the Confederation of independent Trade Unions in Bulgaria over the next two years and will support 10 economic sectors, 120 enterprises and 2,000 employees. The BIA quotes demographic data according to which the oldest workers – 55-65 and over account for a growing portion of the workforce in Bulgaria. In 2003 they accounted for 12 percent, whereas in 2019 this percentage stands at over 23.
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As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
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