Bulgaria's labour min, employers back hourly wage scheme

Bulgaria's labour min, employers back hourly wage scheme

Bulgaria's labour minister Totyu Mladenov and local employers welcomed on Thursday the proposal of parliamentary budget committee chairperson Menda Stoyanova concering the introduction of a minimum hourly wage rate in the country.

The proposal was also backed by trade unions, which however insisted that the new measure should not lead to a repeal of the current remuneration scheme.

The introduction of hourly rates is expected to make labor market more flexible and create more job opportunities.

According to Dimitar Brankov, deputy chairman of the Bulgarian Industrial Association, the proposed scheme will allow people to have several jobs.

"Global experience shows that countries with hourly wages have the lowest unemployment rates," he said.

Labour market analysts consider that hourly wages will enable students, mothers raising their children and others who can not afford full-time employment to find work.

"Menda Stoyanova's proposal is worth discussing. It will enable young people to engage in any activity hourly. The current Labour Code is outdated and any modern form of payment will improve labour flexibility of labour," Ognyan Donev, chairman of the Confederation of the Employers and Industrialists in Bulgaria (CEIBG), told Dnevnik.

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