Financial and business news from Bulgaria

650 leva minimum wage from 2021, decided the government

The minimum wage will become BGN 650 from January 1, 2021. Its size will rise by 6.6 per cent compared to the current year, the government decided.
Read the material of “24 Hours” on the topic: Final: 650 BGN becomes the minimum wage, 504 BGN will remain at the lowest pay

The proposed new minimum wage amount of 650 BGN will contribute to reducing poverty among workers, reducing inequalities in the distribution of income, increasing purchasing power and consumption of the lowest income groups of the labor market. Increasing the motivation of the workforce and reducing unfair competition.

From January 1, the minimum wage hourly will be BGN 3.92.