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This applies to all employees within the Bulgarian social security system who earn the minimum wage or above, though only up to the maximum social security income (3,750 BGN per month in 2024 [8]). Employers must withhold 13.78% from an employee's gross remuneration, and directly pay an additional 18.92-19.62%, with the exact amount depending ...
According to the latest Annual report of the Institute of Economic Studies at the Bulgarian Academy of Sciences, the average salary in Bulgaria is only a quarter (1/4) of the average salary in the EU, and should be two times higher when the labour productivity is calculated in the formula. [38]
English. Read; Edit; View history; Tools. ... Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before ...
Generally, the notice period in Bulgaria is 30 days, provided no agreement for a longer notice period has been reached (for a maximum of 3 months). Art. 329 of the Labour Code allows the employer to exercise the so-called suffrage (social choice) in cases of termination for partial enterprise dissolution operation, staff reduction or decrease ...
Bulgaria is still listed as "Free", with a political system designated as a semi-consolidated democracy, albeit with deteriorating scores. [166] The Democracy Index defines it as a "Flawed democracy". [167] A 2018 survey by the Institute for Economics and Peace reported that less than 15% of respondents considered elections to be fair. [168]
The Bulgarian economy has experienced rapid growth in recent years reaching estimated gross domestic product (GDP) of $162.68 billion (PPP, 2018 est.), GDP per capita of $23,207 (PPP, 2018 est.), and average monthly gross salary of 1205 leva (616 euro) (December, 2018).
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