Here, Eurostat used 2018 data. The following list provides information relating to the minimum wages (gross) of countries in … Wages in Bulgaria increased to 1397 BGN/Month in September from 1335 BGN/Month in August of 2020. From 1 January 2021, it will rise by 6.6% compared to this year, the government has decided. The regulation of industrial relations (and all related matters including the minimum wage) by the State is carried out in cooperation and after mandatory consultations with workers' and employers' representative organizations. In 2020 the minimum wage in Bulgaria stood at 1.87 euro an hour – the lowest in the EU. Minimum Wages in Bulgaria increased to 332.34 EUR/Month in the first quarter of 2021 from 311.89 EUR/Month in the third quarter of 2020. Employers must compensate applicants at the market salary rate and new applications. Minimum Wages in Bulgaria averaged 140.05 EUR/Month from 1999 until 2021, reaching an all time high of 332.34 EUR/Month in the first quarter of 2021 and a record low of 31.19 EUR/Month in the first quarter of 1999. POPULAR ARTICLES ON: Employment and HR from Bulgaria. Mondaq uses cookies on this website. Minimum Wage and Poverty in Bulgaria. Vaccines are not currently mandatory and employers do not have a legal right to require employees to have the vaccine. The first regroups the ten member states--all of which are located in the east of the EU--that have minimum wages below €700 per month. current, pending, and new applications as of January 2021, Employees must be compensated at the More information is available at. increased minimum wages to BGN 650 per month in 2021, The change apples to EU ICT permit Across Bulgaria, minimum wage levels are now BGN 650 per month, which is a 6.6% increase from minimum wage levels in 2020. Only Denmark, Italy, Cyprus, Austria, Finland and Sweden do not. Download historical data for 20 million indicators using your browser. There are no sectoral, occupational or regional minimum wages in the country. Bulgaria has a government-mandated minimum wage. which is a 6.6% increase from minimum wage levels in 2020. figure). At present, the minimum wage in the EU countries that have similar living standards to Bulgaria (Latvia and Romania) is approximately €440. guide to the subject matter. The new minimum wage levels apply to EU Intra-Company Transferee Permit holders, EU nationals, and Combined Permit holders. In the current climate, more and more companies are facing financial distress and entering some form of insolvency proceedings. Poverty in Bulgaria reached a prevalent rate of 7.5% in 2017. Minimum Wages around the World (English) Minimum Wages News; Minimum Wage and Labour Law The minimum wage in Bulgaria was EUR 235 per month, up by 109% compared to January 1, 2008. Data of the European Trade Union Institute regarding the lowest statutory remuneration in the European countries show that North Macedonia is the only country where the minimum wage is lower - at 1.63 euro an hours, in Serbia it is 2 euro an hour. Originally Published by Envoy, February 2021. New minimum wages have been announced nationwide for 2021. The disparities are significantly smaller when price level differences are eliminated. While no longer an EU member, the UK’s minimum wage stood at €1,765 a … This section looks into minimum wage setting in Bulgaria and guides the reader to further material on collective wage bargaining. Bulgaria has the lowest minimum wage amongst members, at €332 a month. The gross minimum salary in Sofia, Bulgaria is of 610 Bulgarian lev per month gross (approximately 311 EUR or 346 USD) as of 2020. No worker in Bulgaria should be paid less then this minimum pay rate. The new minimum wage levels apply to EU Intra-Company Transferee Permit holders, EU nationals, and Combined Permit holders. Employers in Bulgaria who do not pay the Minimum Wage may be subject to punishment by the government of Bulgaria. The Minimum wages may also be measured in relative terms, i.e. Currrently, 21 out of the 27 EU member states have national minimum wages. Across Bulgaria, minimum wage levels are now BGN 650 per month, Minimum Wage and Poverty in Bulgaria. A recent WRC decision arising from working arrangements during the Covid crisis is very likely to be followed by more WRC decisions on the same topic over the coming months. To print this article, all you need is to be registered or login on Mondaq.com. Bulgaria Industrial Production Drops for 10th Month, Bulgaria Producer Deflation Lowest in 10 Months, Bulgaria December Inflation Rate Lowest Since 2016, Bulgaria Retail Sales Fall at Slower Pace in September, Bulgaria Construction Output Falls Less in September, Bulgaria Consumer Morale Remains Weak in Q4, Bulgaria Tourist Arrivals Fall 67.9% YoY in August, Bulgaria Current Account Surplus Narrows in June, Oil Prices Jump on Friday, Notch Weekly Gain, US Stocks Book Weekly Gain, Nasdaq Notches Record, Colombia Industrial Output Rebounds in December, Italian Shares End the Week at Almost 1-Year High. 1999-2021 Data | 2022-2023 Forecast | Historical. Publish your articles and forecasts in our website. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Employment Law Trends To Look Out For In 2021, High Court Finds Non-compete, Non-dealing And Non-solicitation Restrictions To Be Unlawful Restraint Of Trade, Leasehold Reform: Lease Extensions And Commonhold, Employment Update Series: Insolvency Update – A Practical Guide To Insolvency Issues Affecting Employees, WRC Decision On Remote Working Arrangements, Remote Working In Bulgaria: A Reminder Of The Main Obligations Of Employers, Employees Have A Right To Annual Leave Or Payment In Lieu Between Illegal Dismissal And Reinstatement, ECJ Rules, Back To The Workplace – 10 Things To Consider To Comply With Occupational Health & Safety, Deadlines Approaching Under The New Persons With Disabilities Act, Search & Rescue: Asset Tracing & Recovery Investigations, Competition Law and Small Island Economies: Challenges, Disadvantages and Opportunities, © Mondaq® Ltd 1994 - 2021. Many common jobs reside within low-skilled labor, such as security guards, factory workers or shop assistants. Monthly minimum wage Monthly minimum wage Hourly rate Exchange rate Effective per; Foo 10 10 10 October 2000 Belgium: 1,625.72 €1,625.72: €9.67 1 1 March 2020 Bulgaria: 332 €332 (minimum wage is fixed at an hourly rate) €2.07 1 1 January 2021 Croatia: 546 4,062.51 kuna: 20.84 kuna 7.45 1 January 2020 Czech Republic: 586.34 Bulgaria ’s minimum wage is one of the lowest in the European Union at BGN 610 per month, or $350.4 in the United States. Expressed in purchasing power standard, the minimum wage ranges from PPS 547 in Latvia to PPS 1 634 in Luxembourg. as proportion of the median earnings. Many common jobs reside within low-skilled labor, such as security guards, factory workers or shop assistants.

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