Social Partners Divided in Their Assessment of the New Minimum Wage Mechanism
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5 Articles
The minimum wage in Bulgaria will be calculated according to a new formula that takes into account inflation in basic goods and services, income and labor productivity. The proposed mechanism received support at the meeting of the National Council for Tripartite Cooperation (NCTC), but the Podkrepa Confederation of Trade Unions (KT Podkrepa) spoke out against it, warning that workers could lose at least 20 euros per month. The final amount of th…
The process of determining the minimum wage (MW) has undergone a major reform, after the previous automaticity, in which it was calculated as 50% of the average gross wage, was abolished. At the end of September, the National Assembly adopted on second reading amendments to the Labor Code, which regulate a new mechanism with a threshold between a lower and upper limit: Lower limit: The amount of the MW for the current year. Upper limit: It is ca…
The National Council for Tripartite Cooperation (NCTC) discussed the draft amendments to the Regulation on the Structure and Organization of Wage, which regulate the new mechanism for determining the minimum wage and assessing its adequacy.
The National Council for Tripartite Cooperation (NCTC) discussed a Draft Decree of the Council of Ministers (CM) amending and supplementing the Regulation on ...
The National Council for Tripartite Cooperation (NCTC) discussed a draft amendment to the Regulation on the Structure and Organization of Wage. The proposals regulate the mechanism for determining the minimum wage (MW), the assessment of its adequacy and the minimum additional remuneration for night work. Employers' organizations and the Confederation of Independent Trade Unions in Bulgaria (CITUB) supported the draft, while the Confederation of…
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