Belvedere Holiday Club - Bansko - Block 2

Belvedere Holiday Club - Bansko - Block 2

Grand Montana - Bansko

Grand Montana - Bansko


22.8.2019
Economy Ministry Secretary General Paying Working Visit to Germany
August 22 (BTA) - The Secretary General of Bulgaria's Economy Ministry Vladimir Tudjarov is paying a working visit to Germany, his Ministry said in a press release on Thursday. Tudjarov took part in a working meeting...

22.8.2019
Bulgarians Log 12.4% More Tourist Trips in Q2 of 2019, Year on Year
August 22 (BTA) - A total of 1,219,800 residents of Bulgaria aged 15 and over made tourist trips in the second quarter of 2019, according to preliminary data released by the National Statistical Institute on Thursday....

Bulgarian Regional Development Ministry, Macedonian Local Self-Government Ministry Sign Memorandum of Understanding 20.8.2019
Bulgarian Regional Development Ministry, Macedonian Local Self-Government Ministry Sign Memorandum of Understanding
August 20 (BTA) - Bulgarian Minister of Regional Development and Public Works Petya Avramova and Macedonian Minister of Local Self-Government Goran Milevski signed here a memorandum of understanding between the...


Weather/BNB fixing 26.08.19

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Trade Unions Want Minimum Monthly Wage of 450 Euro by End of 2022

Trade Unions Want Minimum Monthly Wage of 450 Euro by End of 2022

09.5.2019
May 9 (BTA) - The Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that by the end of 2022 the average monthly wage in Bulgaria should be 1,000 euro and the minimum wage, 450 euro, CITUB President Plamen Dimitrov said on Thursday. He was presenting the main conclusions from the Confederation's 4th Annual Report on the Results of Collective Bargaining on Wages in 2018. The report says that the average agreed increase of incomes is around 10 per cent. The total coverage for those employed through collective bargaining is around 30 per cent, or 687,000 people. The highest salaries are in the IT sector, air transport, coke fuel production, insurance, central offices, metal ores extraction, advertisement and market research, financial services, and long-distance communication. The lowest salaries are in medical and social care, social work without accommodation, timber production, veterinary activity, clothing manufacturing, security, restaurant business, and other. According to preliminary data, in 2018 the average monthly wage reached 1,135 leva, which is a nominal increase by 9.4 per cent and a real increase by 6.4 per cent. In industry, 17 out of 29 branches had a level of payment above the average monthly wage for Bulgaria, and 13 branches registered a nominal increase above the average for the country. The share of people working for a minimum wage continues to increase. At the end of 2018, it reached 19.3 per cent of all employed, compared to 16.6 per cent in 2017. A drastic increase of this share was registered in transport, storage and posts by nearly 2.2-fold, in financial and insurance activities by 72.3 per cent, and in the creation and distribution of information by 62.7 per cent. The working wage continues to be the main source of income in households' budget. Last year, a household members' income from wages reached 3,336 leva, up by 9.8 per cent from 2017. This is the biggest nominal increase in the last five years. The relative share of income from wages in households' total income also grew in 2018, reaching 55.5 per cent, up by 1.1 percentage points from a year earlier. The differences in the standard of living by region in Bulgaria remain insurmountably big. The purchase power of wages increases gradually, but its level remains too low to reflect some significant and lasting changes in the population's standard of living, the report reads. In nominal terms, the average wage in Bulgaria is between four and seven times lower than the wage in the old EU Member States and between 1.6 to 2.5 times than the wage in the newer Member States. In terms of purchasing power standard, the average net salary in Bulgaria is 2 to 2.5 times lower than in the old EU Member States, and 1.2 to 1.7 times lower than in the newer Member States. According to CITUB, this indicator measures most accurately the purchasing power of wages as it reflects both the disposable income, as well as the price differences between the individual countries. Bulgaria continues to be the EU Member State with the lowest minimum wage, but in terms of annual percentage growth, the dynamics are similar to those in Czechia, Croatia, Estonia, Romania, Slovakia, and Greece. Bulgaria is among the eight EU Member States with the highest tax and social security burden on the annual income from minimum wage, CITUB said. Cost of Living A four-member household needs 2,442 leva per month for a normal lifestyle. The money is enough to pay the costs for food, home maintenance, health care, education, transport and holidays for a family of two adults and two kids. The per capita cost of living is 610.53 leva. If the working salary is the only source of income for such a household, each of the two adults in it needs to draw a net salary of at least 1,221 leva (1,574 leva gross). CITUB reminded that close to 70 per cent of the working Bulgarians receive a salary around or under the country average. IG/DS, ZH // Source: Sofia, http://www.bta.bg/en/c/DF/id/2007128
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