Management accounting

Bulgaria: How Much will the State give to Ukrainians that Started Working in the Country?

As of today, BGN 356 for 3 months will be provided by the Employment Agency for rents and overheads of expenses of Ukrainian citizens with temporary protection who have started work in Bulgaria.

In addition, the state will provide employers with a minimum wage and insurance for 3 months when hiring Ukrainian citizens displaced after February 24.

Foreign exchange rate and wage pressure on companies

The huge value losses of the Turkish Lira against the dollar and the euro throughout 2015, as well as the increase in the minimum wage and personnel expenses in general, are raising costs in all sectors. It seems as if this dual pressure, in the face of shrinking domestic and international demand, will make it quite a tough year for company managers.