Podcast in English
Text size
Bulgarian National Radio © 2024 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

Police detains hacker "Emil Kyulev" who broke the database of state institutions, banks and legal entities

The hacker "Emil Kyulev", who broke the database of state institutions, banks and legal entities, was caught The Sofia City Prosecutor's Office detained for up to 72 hours and brought as a defendant the hacker presenting himself online under the..

published on 6/29/24 12:59 PM
Danube River close to Vidin

Bulgaria is marking International Danube Day

Danube Day was proclaimed 20 years ago today and has been celebrated with various initiatives ever since. This year's motto "Keep the Danube Blue" calls on people living in the Danube basin to raise their awareness and be active in protecting the river..

published on 6/29/24 11:26 AM

Retro cars, simulators and games for National Road Safety Day

On June 29, on the occasion of the National Road Safety Day, the State Agency for Road Safety is organising a festival from 11 am to 2 pm at the Knyaz Alexander I Battenberg Square in the capital in front of the Art Gallery. Its aim is to draw..

published on 6/29/24 5:10 AM