Bulgaria's PM: Salaries Increase for Hard Workers

According to Bulgaria's PM Boyko Borisov, salaries are increasing even at present, but only for people who work hard and give good results. Photo by BGNES

There will be a significant increase of Bulgarians' incomes when they start working hard to make money, Bulgaria's PM Boyko Borisov has announced.

"The incomes increase even at present for people who work and have good results. Incomes will increase when we make our economy in a way that would allow us to give money," Borisov said Friday in an interview for the Bulgarian channel TV 7.

The Confederation of Bulgarian Independent Syndicates, KNSB, has requested an increase of the minimum wage by BGN 50, in order to reach BGN 290.

In this way the minimum wage would cover the real poverty line, which is BGN 250, according to the syndicates, and BGN 211, according to the Bulgarian government.

KNSB has released data, which shows that the average level of inflation in the country reached 6.4% in 2010 and the cost of living became "surprisingly high even for times of economic crisis."

However, the employees have stated that a potential increase of wages would also increase unemployment.

On Friday Borisov praised Finance Minister Simeon Djankov for Thursday's decision of the European Commission to check off Bulgarian from its deficit watch list as it has taken adequate steps to correct it.

According to the prime minister, another success for Bulgaria is the maintaining the taxes, increase of absorption of EU funds, large infrastructure projects and seizing of smuggled cigarettes and alcohol.

"My colleagues are working very well and they will continue to work even harder," Borisov said.

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