Bulgaria’s Government: Minimum Wage to Be Raised to BGN 650 As of January 2021

Finance | November 25, 2020, Wednesday // 15:22|  views

pexels.com

The minimum wage in Bulgaria will become BGN 650. From 1 January 2021, it will rise by 6.6% compared to this year, the government has decided.

The proposed new minimum wage of BGN 650 will contribute to reducing in-work poverty, bridging the gap in income distribution, increasing purchasing power and consumption of the lowest-income groups on the labor market. It will also boost the motivation of the workforce and reduce unfair competition. From January 1, the minimum hourly wage will be BGN 3.92.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!


Tags: Bulgaria, minimum wage, government

Back  

» Related Articles:

Search

Search