The issue of the minimum wage (MW) in Bulgaria remains one of the most controversial topics between unions and employers. In an interview with BNR, the Minister of Labor and Social Policy Ivaylo Ivanov stated that the consensus between these two countries is the best approach to determine the MRL, although they remain in diametrically opposed positions. At the same time, the process of transposing the European directive on the adequacy of the minimum wage is not going smoothly.
The Minister commented that the minimum wage for 2025 will be BGN 1,077, according to the analysis of the Ministry of Finance, and it is normatively determined in the changes made by the National Assembly. According to him, "MRI is an important tool for influencing citizens' incomes", and emphasized that the discussion will continue in the Tripartite Council and will be considered by the Council of Ministers.
Ivanov explained that the Labor Code stipulates that the unemployment benefit should be 50% of the gross average salary, but this automatic regime is not the best solution. He pointed out that additional factors such as living standards, purchasing power and productivity should be taken into account when implementing the EU directive.
The minister also commented on the upcoming increase in social payments for 2025, which will be BGN 760 million more than in 2024. Ivanov confirmed that the average salary for the second quarter of 2024 is BGN 2,296. , as the highest it remains in Sofia. He emphasized that salaries in the capital are comparable to those in developed EU countries.
As for pensions, Ivanov said the increase in 2025 will be less than this year's due to declining inflation. Regarding private pension funds, he explained that by 2037, more significant contributions will accumulate, leading to higher second pensions for participants.