Income distribution

Troubled firms may be let off from labor contracts

The leadership of the Labor Ministry is considering introducing an "exemption clause" for the obligatory implementation of a sector-specific collective labor contract for companies on the verge of shutting down. It is possible that such a regulation will be included in the draft law for investment incentives to be tabled in Parliament this week.

The Amount of the Minimum Wage Remains Unchanged

The state, business and trade unions will not agree on a mechanism for raising the minimum wage this year, which means that the amount of BGN 610 in force will enter into force in 2020.

This was made clear by the words of Temenushka Zlatanova, head of the Department of Life and Demographic Policy at the Social Ministry.

Frans Timmermans Calls For a European Minimum Wage

This can reduce the growing polarization between the rich and the rest, he thinks, quoted by NOVA TV. 

Frans Timmermans, the Socialist candidate for the European Commission's presidency, defended the idea of ​​introducing a minimum wage in Warsaw in all member states. This, in his words, can reduce the growing polarization between the rich and the rest.

Trade Union CITUB: Bulgaria Remains the Poorest Country in the EU

Although for the last 10 years the average wage in Bulgaria has grown by almost 90% and the minimum - by 180%, Bulgaria remains the poorest country in the European Union and the inequalities between people continue to deepen. This picture was presented by the President of CITUB Plamen Dimitrov at a conference on social rights.

EC: Romania is confronted with increased risks-current account deficit deteriorates, increase of unit labour costs

Romania is confronted with increased risks in the form of the current account deficit deteriorating and the increase of unit labor costs, and the recent government decisions have increased the risks in the financial sector and they could negatively affect private investment, the European Commission shows in the Country Report Romania published on Wednesday.

Minimum wage hike to top 8 pct

The increase of the minimum wage looks likely to be just over 8 percent, or 50 euros per month. The ministerial decision, which will be signed next week, is expected to lead to pay adjustments for more than 400,000 employees who receive the minimum monthly wage.

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