Socioeconomics

Homeless man falls to death from shelter in central Athens

A man aged between 40 and 45 years old fell to his death from the fourth floor of a homeless shelter in central Athens on Friday morning.

Authorities said they suspect that the homeless man, who was not named, killed himself. Homelessness has been on the rise during the crisis. It is estimated there are some 30,000 homeless people in Greece.

Auto market downfall hit brakes in August

The Turkish automotive market has annually contracted by 7.4 percent in August, marking a remarkable decline in the pace of contraction that gripped the sector since the beginning of the year The contraction in the Turkish automotive market slowed down in August thanks to the diminished impact of the currency rate and the recovery in the commercial vehicles market.

Bulgarian Industrial Association Opposes Minimum Wage Hike Proposal

The Bulgarian Industrial Association (BIA) has opposed the proposal to increase the minimum wage and the social security contributions.

BIA explains in a media statement that it firmly opposed the plans to cope with the chronic deficit in the systems of social security and health insurance through an administrative increase in the minimum insurance income.

Minimum Wage Hike from BGN 340 to BGN 400 Will Not Hit Business Sector - Minister

Yordan Hristoskov, Bulgaria's caretaker Minister of Labor and Social Policy, has suggested that a minimum wage hike from BGN 340 to BGN 400 will not harm the business sector.

In a Thursday interview for private TV station bTV, Hristoskov said that it was high time to do something about Bulgaria still being at the bottom of the EU ranking by guaranteed minimum income.

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