The Bulgarian government will update the minimum wage for the country from BGN 240 to 270 and will make a similar rise in retirement pensions, according to Minister of Labor Totyu Mladenov.
Mladenov stated the rise will be active starting July 1, and that a formal decision is to be taken between June 15-20 at a sitting of the three way council between government, employers and trade unions.
Minister of Finance Simeon Djankov, who has this far been opposed to the raise pushed by Mladenov for some months now, refused to comment.
According to his colleague in charge of labor and social affairs, the Ministry of Finance has the funds needed for the update.
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