Employment compensation
Bulgaria's Average Monthly Wage Lowest in EU, Balkan Countries
Bulgaria ranks last in terms of income not only among EU member-states but also in the region, showed a survey of the Confederation of Independent Syndicates in Bulgaria (KNSB).
The nominal amount of the average monthly wage in Bulgaria of EUR 420 is about 5.5 times lower than the average levels for the EU, where it is EUR 2,293.
Bulgaria's Finance Ministry Publishes 2017 Draft Budget
The minimum monthly wage is set at BGN 460 in the draft budget of the government for 2017.
Pension installments will increase by 1%, while the retirement age, the length of service for workers in the mass third labour category and in the Security sector will increase by two months. The pension ceiling remains BGN 910.
Second review with “Troika” marked by numerous disagreements
The first meeting between the institutions and Greek Labour Minister George Katrougalos ended on Sunday, and despite its exploratory nature it became apparent that the two sides remain entrenched in their positions on the issues of mass layoffs and minimum wage.
Bogus hirings bring profits to enterprises
Owners of a number of small businesses have been making bogus hirings and reporting new employees do not work or receive a salary, in order to receive a reduction in income tax and in their own social security contributions by paying insurance for the non-existent staff.
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Shocking data shows thousands receive 100-Euro gross monthly salaries!
According to data released by the Greek Labour Ministry, 126,956 workers are paid a gross salary of 100 Euros per month!
Working 9-5 is no longer the norm
Part-time or shift work has now become the norm in the Greek labor market, accounting for six out of every 10 new jobs created last month, according to Labor Ministry figures that reveal unprecedented changes in the features of employment in Greece.
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Anti-austerity protest held in Athens
Supporters of the communist-affiliated union PAME take part in an anti-austerity rally in front of Parliament in Athens, Monday. Thousands of workers protested against austerity measures including changes in labor laws, reinstating collective bargaining agreements and increasing the amounts of the slashed minimum wage and pensions. [Yorgos Karahalis/AP]
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Anti-austerity protesters to march in Athens as technical talks begin
Members of the Communist Party's labor union, PAME, are to stage a rally in Syntagma Square on Monday afternoon, protesting planned changes to labor laws and demanding that collective wage bargaining laws be restored.
Temporary employment regulation enters into force in Turkey
More than 1.5 million small and medium-sized companies (SMEs) are now able to hire temporary workers rather than employ permanent workers due to a new regulation enacted as part of a controversial flexible labor act, daily Habertürk reported Oct. 14.
Protest rally over labor legislation at Syntagma on Monday
The communist-leaning PAME trade union has announced that it will hold a rally at Syntagma Square on Monday to demand the abolition of "anti-worker" legislation and the reinstatement of collective bargaining.
In a statement on Friday, the union said it is demanding a minimum wage of 751 euros and increases in wages, pensions and social benefits.