Minimum wage

PM Orban: Minimum wage per economy might increase 7.2%

The minimum wage per economy might increase 7.2%, said Prime Minister Ludovic Orban on Tuesday, in a post on the Government's Facebook page. He specifies that, this week, the proposals for the formula for calculating the minimum wage will be finalized. "This week, we will finalize the proposals for the minimum wage calculation formula.

PM Orban: We'll complete impact study and propose increase of minimum wage this week

Chairman of the National Liberal Party (PNL) and Prime Minister Ludovic Orban has stated on Monday that the impact study regarding the increase in the minimum wage will be completed this week. "We find that the PSD [the Social Democratic Party] has completely lost the use of reason, the PSD has become a source of systematically spread lies, which have nothing to do with reality.

Portugal Raises the Minimum Wage to EUR 635

The Portuguese minority government presented a proposal for the minimum wage to be increased by almost 6% to EUR 635 in the next year. However, the wage remain the lowest in Western Europe, according to Reuters.

Socialist Prime Minister Antonio Costa has pledged an increase of 25 percent to EUR 750 by 2023 at the start of his second term last month.

Hossu (Cartel ALFA): There will be street protests if Gov't does not raise minimum wage

A decision of the Government to not raise the minimum wage by 100 RON from January 1, 2020 would give the impression that the current Government is disinterested in the situation of the citizens and much more interested in satisfying employers, and the consequence of such a decision would be organizing street protests, said, on Wednesday, for AGERPRES, the chairman of the Cartel ALFA National U

PM Orban on minimum wage increase: Certain degree of urgency, business environment must know in time

Prime Minister Ludovic Orban said on Monday that "there is a certain degree of urgency" regarding the adoption of the decision to increase the minimum wage, specifying that it should be taken by the end of November, the beginning of December, at the latest, so that the business environment knows in time.

PM Orban: We want to increase minimum wage, but we don't want it to cause negative economic consequences

The Government endorses the increase of minimum wage, but it doesn't want this increase to cause "negative economic consequences," Prime Minister Ludovic Orban has said on Thursday, adding that he also wishes for pensions to increase, while bringing to mind that the pensions fund has a deficit of more than 2 billion lei at this point.

PM Orban about minimum wage increase: We will make decision based on serious effect analysis

Prime Minister Ludovic Orban stated on Tuesday that the Executive will make a decision regarding increasing the minimum wage following an analysis of the effects of this measure, underpinned by objective economic indicators and following consultations with social partners, employers' associations, trade unions, civil society.

The Government Expects a BGN 1,600 Average Salary in Three Years

The average salary in Bulgaria is expected to reach about BGN 1500 in 2021, when the term of the Borissov 3 government office expires. This is recorded in the updated mid-term budget forecast, which is the motive for the draft budget for next year, which was released by the Ministry of Finance late Friday.

Pages