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

Pre-trial proceedings have been initiated in connection with the death of Capt. Marin Marinov in Gaza

The Sofia City Prosecutor's Office has started pre-trial proceedings in connection with the death of Captain Marin Marinov, BTA reports, citing the state prosecution. The proceedings were initiated on May 19 at the request of..

published on 8/7/25 3:29 PM
Stryker armored vehicle during testing

The first armored vehicles from the US will be assembled in Veliko Tarnovo in September

The production of the first Stryker armored combat vehicles for Bulgaria has already begun in the US and is on schedule. This was announced to the Bulgarian Army newspaper by the Chief of Staff of the Land Forces, Brigadier General Stoyan Shopov...

published on 8/7/25 11:44 AM

Bulgaria to award winners of contests for diaspora youth

Bulgaria’s Executive Agency for Bulgarians Abroad (EABA)  will hold an awards ceremony for the winners of three annual international competitions for children and young people from the Bulgarian diaspora. The recipients of the Stefan Getchev..

published on 8/7/25 8:10 AM