Bulgaria 'Cannot Base Economy on Low Salaries' - Social Minister
Wednesday, 12 August 2015
Bulgaria cannot develop its economy by merely keeping salaries low, Deputy PM and Social Policy Minister Ivaylo Kalfin has said.
Kalfin has reminded, in an interview with the Bulgarian News Agency, that 11% of the labor force is earning minimum wages at the moment.
His comments have come in response to protests by businesses against a planned increase in the minimum wage planned for next year.
There have been two increases in the minimum wages this year, from BGN 340 (EUR 170) to BGN 360 (EUR 180) as of January 1 and to BGN 380 as of July 1.