Minimum wage

Between 600,000 and 800,000 are the working poor in Bulgaria according to various estimates. These are people who cannot fend for themselves with the money they receive, Social Minister Biser Petkov commented to Nova TV. He hastened to add that, however, wages are steadily increasing and the minimum wage set for next year is BGN 610.

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.

Romania's economy is on an upward trend and will continue to grow at a high pace, according to the first results published by the National Institute of Statistics regarding the economic activity in March and the first quarter of this year, Prime Minister Viorica Dancila said on Tuesday.

The business people and not the state are the main culprits for the lack of workforce in Romania, because we have become accustomed to waiting to be given, Dragos Anastasiu, president of the Romanian-German Commerce Chamber (AHK Romania) at the first edition of Working Romania told on Tuesday a speciality conference.

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.

The new minimum wage covers only 1/10 of the cost of basic food products, reported NOVA TV. 

Venezuelan President Nicolas Maduro doubled the minimum wage to the equivalent of about $ 8 per month in a situation of hyperinflation and a strong devaluation of the Bolivar national currency, France's press reported, quoted by BTA.

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.

Private-sector salaried employment increased by 27,840 jobs in February, a month which not only saw a rise in the minimum wage but also the growth of part-time positions compared to full-time work, figures from the Labor Ministry's Ergani hirings database showed on Friday.

The European institutions have shown a willingness to put up with the current Greek government but they are likely to raise obstacles for the next government after this year's general election, according to Bank of America Merrill Lynch.

German Consul Hans E. Tischler said on Thursday that the German investors in Transylvania intend to maintain their businesses because they feel good here. Hans E. Tischler said he visits very often German companies in all of Transylvania and finds that German companies still feel good here and want to stay.