Athens Chamber of Commerce: Increase of minimum wage with reduction of non-wage costs

Moving in the right direction is the increase of the minimum wage, as it strengthens the income of the low paid and at the same time can "breathe life" in to the market, as noted in a statement by the president of the Athens Chamber of Commerce, Giannis Chatzitheodosiou.

Bulgaria: Minimum Wage becomes EUR 363 from Today

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.

Galloping Inflation Puts at Risk Many Bulgarian Households

С The leapin prices in Bulgaria is already noticeable with a naked eye, and the Confedertion of Independent Trsde Uniond in Bulgaria (CIYUB) predicts that the increase in electricity costs will exceed the the parameters of the socially bearable price. This is expected to affect the businesses as well as all other products.

LabMinTurcan: Minimum wage increase to be backed by business environment, or else we get to layoffs

The increase of the minimum wage must be done in accordance with the business environment, otherwise it will lead to layoffs and everything will turn against the people, Labour Minister Raluca Turcan said on Thursday in a press conference.

EconMin Nasui: Romanians wanting higher pay for their work not asking for privilege

Romanians who want higher pay for their work do not ask for any privilege, but only not to take half of their salary to pay all kinds of privileges for the politically connected, says Economy Minister Claudiu Nasui. "When it comes to leaving money to working Romanians, it is a budgetary problem.