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Employers present their views on improving the business environment in Bulgaria

published on 1/20/25 1:54 PM

Photo: BTA

Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers.

"Romania was close to us in terms of debt to GDP. There are already problems, salaries and pensions have been frozen there for this year. We need to make adjustments to the course, including the balance for the green energy transition", said Velev.

Dobri Mitrev from the Bulgarian Industrial Chamber demanded to continue the fight against the shadow economy. 65 billion leva (33 euros) or 32% is the share of the shadow economy, which is alarming, the entrepreneur emphasized.

In social policy, businesses insists on the repeal of Art. 244 of the Labor Code and the introduction of a transparent mechanism for negotiating and determining the minimum wage in the country, BGNES and BTA report.

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Radio Bulgaria Economy Bulgarian economy shadow economy

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62% of Bulgarian workers earn less than the living wage

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Employers present their views on improving the business environment in Bulgaria

More from category

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP

62% of Bulgarian workers earn less than the living wage

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

62% of Bulgarian workers earn less than the living wage

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP