"It was agreed that the minimum wage will be increased to BGN 340 from January 1, 2014" Minister of Labour and Social Policy Hasan Ademov confirmed. He was attending a conference organised by the largest Bulgarian trade union.
"There is also an idea to raise the compensation for a child aged 1 to 2 years to 340 BGN" he noted.
"We will apply the so-called Swiss rule in determining pensions. From 1 July 2014, every year there will be an adjustment of the pensions by 50% of the insurable earnings and 50% of the inflation" Ademov said.
Ademov also pointed out that Bulgaria has to comply with some of the proposals of the European Commission , one of which is limiting early retirement.