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 Bulgaria Monthly Minimum Wage Unchanged at BGN 240

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PostSubject: Bulgaria Monthly Minimum Wage Unchanged at BGN 240   Mon Dec 28, 2009 4:38 pm

[size=75:r02rdg35]novinite 28 December 2009

Bulgaria Monthly Minimum Wage at BGN 240

Bulgaria's National Council for Tripartite Cooperation has approved the level of the national minimum monthly wage for 2010.

The sum remains the same as that of 2009 - BGN 240. The minimum hourly wage has been fixed at BGN 1,42 for the normal eight daily working hours, five days per week, according to the Government Information Service on Monday.

Maintaining the level of the minimum wage for next year is reasonable, according to representatives of employers' organizations.

"
If in a crisis situation, the minimum wage is increased, this will lead to increased unemployment,"
said the Association of Industrial Capital in Bulgaria.

"
It is logical to maintain the current size of the minimum monthly wage, consistent with the fact that we are in crisis,"
the Confederation of Labor, Podkrepa, stated.

Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, expressed his hope that next year the country would find itself in a period of economic growth, which would have a positive impact on incomes.

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PostSubject: Bulgaria Monthly Minimum Wage Unchanged at BGN 240   Mon Dec 28, 2009 4:53 pm

Oh my word that is only 110.446 GBP How on earth can they live on that [You must be registered and logged in to see this image.] , The supermarket trip alone will come to that and sometime even more, not to mention mortgages, rents, running a car etc etc No wonder these poor people have to work two and three jobs to make ends meet.

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PostSubject: Re: Bulgaria Monthly Minimum Wage Unchanged at BGN 240   Mon Apr 11, 2011 11:58 am

[size=55:2u7n1rig]BNR

Bulgaria with lowest hourly wage in EU

Bulgaria is the country with lowest hourly wage in the EU, according to data for 2010 of the German statistical service, the Berliner Umschau informs. People working in Germany’s private sector in the course of 2010 have received EUR 29.20 per hour, which is 32% more than the average value for the EU but some 12% less than in neighbouring France. Highest is the hourly payment in Denmark - EUR 37.60 per hour;
and lowest in Bulgaria – EUR 3.10.

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PostSubject: Re: Bulgaria Monthly Minimum Wage Unchanged at BGN 240   Tue Feb 21, 2012 3:29 pm

[size=55:9af5ftpa]novinite

Bulgaria Last in EU by Monthly Minimum Wage

In January 2012, Bulgaria was once again last in the EU by the monthly minimum wage, which stood at EUR 138.

The data was published by Eurostat, the statistical office of the European Union.

On the opposite end of the ranking is Luxembourg with EUR 1 801.

When adjusted for differences in purchasing power, the disparities between the Member States are reduced from a range of one to thirteen (in EUR) to a range of one to five in purchasing power standard (PPS). At the opposite ends of the scale were again Luxembourg (1 495 PPS per month) and Bulgaria (272 PPS), according to Eurostat.

In May 2012, the monthly minimum age in Bulgaria is supposed to go up by EUR 10 to a total of EUR 148 (or BGN 290).

20 of the EU's 27 Member States (Belgium, Bulgaria, the Czech Republic, Estonia, Ireland, Greece, Spain, France, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Poland, Portugal, Romania, Slovenia, Slovakia, and the United Kingdom), Croatia and Turkey had national legislation setting a minimum wage by statute or by national inter sectoral agreement.

The 20 Member States concerned together with Croatia, Turkey and the United States can be divided into three groups based on the level of minimum wage on January 1, 2012.

The first group includes the eleven countries with the lowest minimum wages, between 100 EUR and 400 EUR a month: Bulgaria, Romania, Lithuania, Latvia, Estonia, Hungary, the Czech Republic, Slovakia, Poland, Turkey and Croatia.

The second group comprises five Member States (Portugal, Malta, Spain, Slovenia and Greece) and the United States with an intermediate level of minimum wages, from just over 550 EUR to just below 1 000 EUR a month.

The third group comprises six Member States (the United Kingdom, France, Belgium, the Netherlands, Ireland and Luxembourg) in which the minimum wage was above 1 200 EUR per month.

However, it should be noted that for non-EA countries (9 countries in the first group as well as the United Kingdom and the United States) the levels and ranking of minimum wages expressed in euro are affected both by the values of the minimum wages in national currencies and by exchange rates.

Adjusting for differences in price levels reduces the variation between countries: while the minimum wage in euros ranged from 138 EUR to 1 801 EUR in January 2012 (a factor of about 1:13), the minimum wage in PPS ranged from 272 to 1 495 (a factor of about 1:5).

The countries in groups 1 and 2 with relatively lower minimum wages in euros also have lower price levels and therefore higher minimum wages when expressed in PPS. On the other hand, countries in group 3 with higher minimum wages in euros have higher price levels, and their minimum wages in PPS are relatively lower. In addition, as a consequence, the limits between the three groups are partly smoothed out when looking at minimum wages expressed in PPS.

Comparing the ranking of the monthly minimum wages in euros with those in PPS, the most remarkable changes are for Ireland, Hungary and Croatia, all moving by three positions. Several other countries change their position, but only by 1 rank (Belgium, the Czech Republic, Estonia, Spain, France, Latvia, Malta, the Netherlands, Poland, Slovakia and Turkey).

In 2010, the minimum wage level is between 30 % and 50 % of average gross monthly earnings in industry, construction and services (except activities of households as employers and extra-territorial organizations and bodies)

Looking at the minimum wage in relation to average gross monthly earnings in industry, construction and services (except activities of households as employers and extra-territorial organizations and bodies), the highest value is reported for Turkey, followed by France (2009), Slovenia, Malta and Luxembourg. In these five countries the minimum wage is above 45 % of the gross monthly earnings. At the lower end of the scale the Czech Republic, Romania and the United States report minimum wages below 35% of the average gross monthly earnings.

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PostSubject: Re: Bulgaria Monthly Minimum Wage Unchanged at BGN 240   Mon Sep 17, 2012 4:58 pm

[size=55:29eo9z5v]novinite

Minimum Wage in Bulgaria to Increase to BGN 310 in Jan 2013

Totyu Mladenov, Bulgaria's Minister of Labor and Social Policy, has vowed that the minimum monthly wage will go up from BGN 290 to BGN 310 as of January 1, 2013.

Speaking Monday in the Black Sea coastal city of Burgas, Mladenov noted that the increase in the minimum monthly wage would amount to BGN 70 for the entire term in office of the GERB government.

He reminded that the previous three-way coalition government had managed a minimum wage increase of BGN 80 in the period 2005-2009 at triple the current inflation rate.

Mladenov informed that the parameters of the social security budgets and the state budget would become clear by the end of the month, with an increase of 8-10% expected.

He added that the Finance Ministry and the National Social Security Institute were making the calculations and assured that all pensions would increase in 2013.

"
A meeting of the Tripartite Council will be held by the end of the month to discuss all parameters. The increase in pensions will by all means compensate for the inflation of the past three years,"
the Labor Minister declared.

"
The emphasis next year will be on better employment and better incomes,"
he pointed out.

At present, the maximum insurable income in Bulgaria stands at BGN 2000, while the maximum pension is 35% of it, or BGN 700.

Mladenov visited Burgas Monday to open the school year at the Nadezhda community center for early child development and parent support.

Bulgaria's Finance Minister Simeon Djankov announced earlier that the planned increase in pensions would enter into force much earlier than July 2013.

He made clear that the increase would require amendments to the Social Security Code.

At the end of last week Djankov assured that the money for the minimum wage increase to BGN 310 had been found, as well as the sum of BGN 600 M required by trade unions for schools and teachers' salaries.

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