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.

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]

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.

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