From 1st Of January 2020 The Minimum Wage Will Increase To BGN 610

The minimum wage will rise to BGN 610 from January 1, 2020. Its amount will increase by BGN 50 or 8.9% compared to this year, the government decided.

The economic development, sustainable GDP growth, an increase in the number of employees and a reported increase in the national average wage contribute to the increase in the minimum wage to BGN 610.

The proposed new minimum wage of BGN 610 will have a beneficial effect on domestic demand, employment and the standard of living of the part of the workforce with the lowest income.

Starting January 1, the minimum hourly wage will be BGN 3.66.

Read More

Bulgaria Third Most Popular Tourist Destination In Region

Bulgaria ranks third in the ranking, showing which countries in Eastern Europe have not yet been overpopulated by tourists. This is written by the Irish...

Inflation In November Was 0.5%

The consumer price index in November 2019 was 100.5% compared to October 2019, i.e. the monthly inflation was 0.5%, the National Statistical Institute said in a...

Three Companies Bid To Provide Bulgarian Navy With Patrol Boats

Bulgaria's defence ministry said on Wednesday that its 984 million levs ($567.4 million/503.1 million euro) tender for supply of two multi-functional modular Navy...

Recent

Pound Rises After Brexit Vote In British Parliament

The pound has risen after MPs voted to reject Theresa May's Brexit deal by 230 votes, reported BBC.  The vote opens up a range...

Ministry Of Economy Confirms Fuel Act To Come Into Force 1st July 2019

The Ministry of Economy has proposed an extension of the amendments to the Fuel Act, reported NOVA TV. The Government approved a draft Law on...

Bulgarian Banks Report Profits Of 1 Billion BGN In 2019

One billion leva is the profit of the banks for the first seven months of the year, according to BNB data. It increased by...