Sofia, Bulgaria: Ministry of Labor and Social Policy informs that on September 1, 2023, they started the procedure for the public hearing on the Decree on the amount of minimum wage for the country for 2024 once it was published in the Portal for public consultations of the Council of Ministers.
From January 01, 2024, its size is estimated to be 933 lv. , an increase of 153 BGN. or 19.6% to its current value. The new measure is determined according to the Labor Code.
According to its provisions, the minimum wage for the country for the next calendar year is set at 50 per cent of the average gross salary for the last two quarters of the previous year and the first two quarters of this year.
The Ministry of Labor and Social Policy prepared the project immediately after its publication on August 18, 2023. on the latest data from the National Statistical Institute, it was required for the preparation of the Resolution and the package of documents related to it.
Until October 2, 2023, every Bulgarian citizen and all interested parties have the opportunity to express their views on the Regulation within the legislative procedure for public discussion of legislative acts.
Furthermore, on August 30, Minister Shalapatova announced adapting the workforce to the new labour market requirements for 2023-2027. a significant financial resource of over 1 billion is expected. lv. for the whole country.
The opportunities for investments in the development of the labour market, in innovation and training and qualification of the workforce to meet business expectations, employers in Northeastern Bulgaria met at a forum in Shumen, organized by the Ministry of Labor and Social Policy, with the participation of the Prime Minister. Nikolay Denkov.
About 47,000 workers and employees in Shumen, Varna, Dobrich, Razgrad and Targovishte were employed during the past program period thanks to the opportunities for investments in reserving and providing new jobs.
Close to 4400 employers from Northeastern Bulgaria benefitted from 120 million. Lv. , provided by the European funds and the state budget for labour market development”.