Balgarianovinite.com The Association of Bulgarian Employers’ Organizations (ABEO), uniting the Bulgarian Industrial Capital Association, the Bulgarian Chamber of Commerce and Industry, the Bulgarian Industrial Association, and the Confederation of Employers and Industrialists in Bulgaria, announced on Wednesday that it will not take part in the meeting of the National Council for Tripartite Cooperation (NCTC) scheduled for Thursday.
An NCTC meeting scheduled for November 5 was called off after employers’ organizations refused to participate in protest against the proposed budget.
In Wednesday’s statement concerning the proposed state budget, public social security budget, and National Health Insurance Fund budget for 2026, ABEO said it does not take political positions and distances itself from any political initiatives, stressing its commitment to openness, engagement and sustainable long-term solutions.
According to the Association, the draft state budget departs from the governing majority’s earlier commitment to maintain Bulgaria’s tax and social security model. Instead, it proposes a two-percentage-point increase in social security contributions, resulting in a rise of over 10% in pension fund expenses, as well as a doubling of the dividend tax. These measures, the statement said, will extract additional funds from every employee in the real economy to finance inefficient budgetary spending, including double-digit salary increases in the security, defence and higher education sectors.
ABEO warned that such policies burden businesses and workers, discourage investment, slow economic growth, expand the shadow economy, and ultimately reduce budget revenues. For these reasons, the Association said it does not support the 2026 State Budget Bill.
It added that the budget process does not allow for a genuine debate or a search for optimal solutions. Therefore, the organizations within ABEO will not participate in the November 13 NCTC meeting. The Association said it refuses to be part of a process that replaces social dialogue with a formal discussion of the country’s most important law.
ABEO also said that after last week’s formal consultation on the draft state budget, the same unamended document was resubmitted for discussion, describing it as an imitation of consultation devoid of genuine debate and responsibility. Employers’ Organizations Will Not Discuss 2026 Draft Budgets with Government, Unions on Thursday 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-11-12 17:31:00 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