Balgarianovinite.com The Government, trade unions and employers reached an alignment on a mechanism for setting the national minimum wage, the Finance Ministry said Monday.
Changes in four equally weighted indicators will determine how much the minimum wage may increase. The Price Index of a Small Basket will be used to determine the purchasing power of the minimum wage while taking the cost of living into account. The gross median wage will determine overall wage levels and their distribution, while the average gross wage will determine the rate of wage growth. Gross value added per person employed over the past 10 years will determine the country’s long-term labour productivity levels.
The minimum wage for each subsequent year will fall within a range defined by a lower and an upper limit, the Finance Ministry explained. The lower limit will be the minimum wage for the previous year. The upper limit will be determined by the weighted average of the four indicators, using data for the latest completed year provided by the National Statistical Institute (NSI).
The procedure for setting the minimum wage will comprise several stages.
By April 1, the Labour and Social Policy Minister will provide the social partners with data on the range within which the minimum wage should be set, including the information used to calculate the upper limit. Employers and trade unions will have until May 15 to negotiate its amount and until May 31 to prepare a report.
Taking the social partners’ report into account, the Council of Ministers must set the final minimum wage for the following year.
The adequacy of the minimum wage will be assessed every three years, the Finance Ministry said in its press release.
Substantial progress has been made on the mechanism for setting the 2027 minimum wage, with only details concerning official statistics and wage adequacy criteria still unresolved, Labour Minister Nataliya Efremova told journalists, speaking after the meeting.
Dobri Mitrev, Chairman of the Management Board of the Bulgarian Industrial Association, did not comment on the specific amount of the minimum wage for 2027, but said that ultimately, the decision will be made by the government. Government, Social Partners Align on Minimum Wage-Setting Mechanism 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-08-17 18:06:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law