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

Businesses: An increase in the minimum wage will increase unemployment

Photo: bia-bg.com

In the next draft budget, the caretaker government proposes that the minimum wage be BGN 710 (EUR 363). "At the moment we do not have a clear mechanism for determining the minimum wage. It is determined administratively and largely unclear," said Shteryo Nozharov, economic adviser at the Bulgarian Chamber of Commerce, in an interview with Bulgaria ON AIR. 

The chamber has prepared an analysis according to which an increase in the minimum wage increases unemployment. "Most sectors are placed in a highly competitive environment. If companies have to increase the minimum wage of their employees, it means either to burden them in some way with additional activities, or to cut people," he explained.



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

Christmas town opens in Plovdiv’s central square

Plovdiv will offer concerts, bazaars and an ice park for the Christmas and New Year holidays to its citizens and guests, the municipality has announced. Mayor Kostadin Dimitrov will light the Christmas tree in front of the Plovdiv Municipality..

published on 11/27/25 8:05 AM

Bulgaria faces widespread rain and cooler temperatures

On Thursday, minimum temperatures will range from 3° to 19°C, with eastern areas reaching 15–19°C and Sofia around 6°C. The day will be cloudy with widespread rain. Heavy rainfall is expected in western regions overnight and in central and southern..

published on 11/26/25 7:05 PM

Georg Georgiev: Support for Ukraine and pressure on Russia must continue

“Solutions for achieving peace in Ukraine must be based on fundamental principles of the UN Charter, such as sovereignty, independence and territorial integrity.” This was stated by Bulgarian Foreign Minister Georg Georgiev at the informal video..

published on 11/26/25 6:41 PM