Companies agree to minimum wage increase but not before 2012
Employers believe that the increase should be combined with a rise in minimum and social pension
The social minister and trade unions support a higher minimum wage in 2011 while employers and the Finance Minister are against such measure. Last week over 60% of the company members of the Bulgarian Chamber of Commerce and Industry opposed the increase in a study.
"Without a doubt there will be an update. The more standing question is when to do it. And our board has decided that it should be done early next year," said Dimitar Brankov from the BIA.
Currently the minimum wage of 240 leva is about 37 percent of the average in the country. The employers' offer is for it to reach 40 percent of the average in early 2012 or 270 leva - the same as the one offered by the social ministry. If this happens, several payments related to the salary size will jump from next year, such as the user fees for examination by doctor. Employers believe that the increase should be combined with rise in minimum and social pension.