Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Trade Unions object the 2023 draft budget announced by the caretaker Minister of Finance

Photo: archive

The two largest trade unions in Bulgaria, the Confederation of Independent Trade Unions in Bulgaria (CITUB) and the Confederation of Labor "Podkrepa", objected the 2023 draft budget announced by the caretaker Minister of Finance. According to the draft budget, the minimum salary should remain unchanged at BGN 710 (EUR 363). 

However, the trade unions insist that it should amount to 50% of the average salary and described the proposal as a sabotage of social dialogue. "Taking into consideration the current inflation which is nearing 19%, a minimum wage of EUR 363 is an insult to everyone who receives it," said Lyuboslav Kostov, Chief Economist at the CITUB. In his words, the net amount of the minimum salary is almost equal to the poverty line. The draft budget also envisages an annual average inflation rate of 6.4%. According to the draft budget, unemployment will stand at 4.6% and the gross domestic product will increase with 1.6%.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Defence minister Zapryanov (L) takes part in the 61st Munich Security Conference, which opened on Friday.

EU accepts Bulgaria's proposal on defence modernisation spending

A procedure will be introduced to exclude military expenditure from the inflation index, Bulgarian Defence Minister Atanas Zapryanov announced in Munich, BTA reported. Speaking at the Security Conference, the minister said that Bulgaria had been..

published on 2/16/25 11:33 AM

President Radev calls for stronger EU security and urges North Macedonia to implement Consensus 2022

Addressing the crises facing the EU requires strengthening Europe's global competitiveness and ensuring security, President Rumen Radev said during a meeting with European Council President António Costa at the Munich Security Conference...

published on 2/16/25 10:39 AM
Support for protesting Serbian students in Pirot.

Bulgarians and Serbs from Tsaribrod and Pirot support student protests

Bulgarians and Serbs from the towns of Tsaribrod and Pirot marched in support of the student protests in Serbia , reports BTA. "We want the students' demands to be met and we hope that there will be changes in Serbia," demonstrators from the two towns in..

published on 2/16/25 10:27 AM