As of January 1, 2025, Bulgaria’s national minimum wage has been updated to BGN 1,077.00 per month. This figure equates to roughly €551 or $596, reflecting the country's latest efforts to support its workforce. The corresponding minimum hourly wage is now set at BGN 6.49.
Key Details
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Effective Date: The new rate took effect at the start of 2025.
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Currency Conversions: The monthly wage of BGN 1,077 is approximately €551 or $596, depending on exchange rates.
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Hourly Rate: The minimum wage translates to an hourly pay rate of BGN 6.49, based on a standard full-time work schedule.
Broader Implications
This adjustment underscores Bulgaria’s commitment to improving wage standards and ensuring fair compensation for workers across all sectors. The minimum wage is reviewed periodically by the government to align with economic changes and inflation trends.
Employers are required to update employment contracts and payroll records to reflect the new wage, ensuring compliance with national labor laws.