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 Bulgaria Ups Its Minimum Wage to BGN 270

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PostSubject: Bulgaria Ups Its Minimum Wage to BGN 270   Thu Sep 01, 2011 11:50 am

[size=55:3rugvnoe]Dnevnik

Bulgaria Ups Its Minimum Wage to BGN 270

Starting Thursday, the minimum monthly wage in Bulgaria grows from BGN 240 to BGN 270 (EUR 137).

According to the country's Finance Minister Simeon Djankov, the minimum wage rise will cost its state budget approximately BGN 15 – 20 M. However, the private sector's expenses will be much higher.
Some 120 000 Bulgarians officially receive minimum wage in Bulgaria, according to the country's National Statistical Institute. A total of 20 000 of them are on a state payroll.

Also starting Thursday, the retirement allowances for widows and widowers in Bulgaria increase from 20% of the deceased spouse to 26.5%.

According to a recent study conducted in the Sofia-based University of National and World Economy Bulgaria will need 41 years to reach the minimum wage rates of EU's most advanced countries.

Currently, the minimum wage in the country is nearly half of the amount of money deemed by the National Statistical Institute as necessary for an individual to survive a month in "
normal"
conditions

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PostSubject: Re: Bulgaria Ups Its Minimum Wage to BGN 270   Thu Sep 01, 2011 4:22 pm

It make you wonder how a individual living in an apartment without the facility to grow ones own crops can survive. I know where we are everyone grows their own vegetables, we haven't bought any for about three months now and we have grown enough spuds to last us for at least a year (unless we convert some to moonshine)
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