Minimum wage

Concerns Rise as Small Consumer Basket in Bulgaria Sees 5.9% Price Hike

The Institute for Social and Trade Union Research has revealed that the value of the small consumer basket, consisting of 20 essential products, witnessed a substantial 5.9% increase in 2023 compared to the previous year. This surge, from BGN 107.03 to BGN 113.72, has raised concerns about the economic well-being of the general population.

Earlier minimum salary hike

The acceleration of the process of determining the minimum salary, in order for the increase to be implemented earlier and to support employees in practice, will be one the first interventions by the new Minister of Labor, Domna Michailidou, as she tells Kathimerini.

The factors that will shape salaries this year

The first increase in the salaries of civil servants after 14 years, the unfreezing of the step-up period for the salaries of 100,000 private-sector workers on the minimum wage, as well as the prime minister's pledge to set the average monthly salary at 1,500 euros by 2027, are three factors that will determine the actual rate of salary growth this year.

Pages