High expectations for the increase of the minimum wage, which may even exceed 6%, are cultivated by the government, while the process has entered its final stage with the Centre of Planning and Economic Research-KEPE today, Friday 15 April, to deliver to the Minister of Labor the conclusions of the dialogue between scientific and social actors.
As of today - April 1, the minimum wage in the country is BGN 710 (EUR 363). According to the decree of the Council of Ministers, the minimum hourly rate is BGN 4 leva and 29 cents, which at working hours of eight hours in a 5-day working week makes BGN 710 a month.
Its increase is nearly 10% compared to the previous minimum wage of BGN 650.
EU ministers on Dec. 6 agreed on measures to better protect wage levels in Europe and give workers more power to oppose low pay.
While the proposal does not set an EU-wide minimum wage, once confirmed it would mark a significant step in promoting the European social model, especially in eastern European countries where salaries are low.