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Table 2. Ratio of Minimum Wage to Average Gross Wage On salaries, the national minimum wage is set with a Regulation of the Council of Ministers in conformity with the Law on the Budget for each year. As of October 2000, it was BGN 79 (about $38) per month, net of taxes. It will be subject to adjustment in October 2000, following the assessment of projected growth of the average wage in the public sector,'*° to which it is now linked. The minimum wage is a touch below 30 percent of the national average wage, well within the parameters observed internationally.

Table 2 Ratio of Minimum Wage to Average Gross Wage On salaries, the national minimum wage is set with a Regulation of the Council of Ministers in conformity with the Law on the Budget for each year. As of October 2000, it was BGN 79 (about $38) per month, net of taxes. It will be subject to adjustment in October 2000, following the assessment of projected growth of the average wage in the public sector,'*° to which it is now linked. The minimum wage is a touch below 30 percent of the national average wage, well within the parameters observed internationally.

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[he corporate forms provided within the scope of the CC, follow international practice and allow yusinesses to select which corporate form is most appropriate and fitting to their commercial s0als and business dynamics. The statistics of the current usage of corporate forms are included yelow.
[he corporate forms provided within the scope of the CC, follow international practice and allow yusinesses to select which corporate form is most appropriate and fitting to their commercial s0als and business dynamics. The statistics of the current usage of corporate forms are included yelow.
i In addition, and perhaps most burdensome of all, are the range of social security and other contributions levied on the employer.'** With voluntary pension and health insurance schemes, unemployment fund and various social security contributions, employers pay a total 34.3 percent of salary.'° ° Such a rate is far higher than that observed in the European Union and indeed is at the top end of the range even for other Central and Eastern European economies. It remains a priority to bring down this instrument of taxation without jeopardizing the funding of much-needed social security. The Government’s recent announcement that it intends to reduce contribution rates by 3 percentage points for employers from January 1, 2001 is a welcome first step.
i In addition, and perhaps most burdensome of all, are the range of social security and other contributions levied on the employer.'** With voluntary pension and health insurance schemes, unemployment fund and various social security contributions, employers pay a total 34.3 percent of salary.'° ° Such a rate is far higher than that observed in the European Union and indeed is at the top end of the range even for other Central and Eastern European economies. It remains a priority to bring down this instrument of taxation without jeopardizing the funding of much-needed social security. The Government’s recent announcement that it intends to reduce contribution rates by 3 percentage points for employers from January 1, 2001 is a welcome first step.
Source: PriceWaterhouseCoopers, Bulgaria ay Table 4. VAT Registration Thresholds
Source: PriceWaterhouseCoopers, Bulgaria ay Table 4. VAT Registration Thresholds
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BusinessEconomicsIntellectual PropertyIPO Initial Public OfferingAuditing standardsCapitalization Rate
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