The minimum monthly salary in Bulgaria will be raised to EUR 235 on January 1, 2017, which is 9.5% more as compared to 2016. Thus, job seekers will be more motivated to join the labor market. Moreover, the employees who receive the minimum monthly salary would be more able to meet their needs. The increase of the minimum wages is expected to reduce the poverty risk among employed Bulgarians. The minimum hourly rate will become EUR 1.42. In 2017 the poverty line in Bulgaria will be set at EUR 160.55, which is EUR 7.16 more as compared to 2016.
The Bulgarian Ministry of Defense is requesting a postponement of one of the large payments under the contract for the second F-16 to 2028. Defense Minister Atanas Zapryanov said that this is necessary because Bulgaria will encounter difficulties in..
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..
The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..
In 2026, Bulgaria will assume the presidency of the EU Strategy for the Danube Region for the second time. The symbolic handover of the presidency took..
“The storm has mostly passed, but there are still risks”, Deputy Premier Tomislav Donchev told bTV regarding Lukoil . ''The first priority is to..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
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