Working conditions and labour laws in Bulgaria

Hi Priscilla,
I actually moved my business from Germany to Bulgaria because I think Germany is overregulated.

In the first year, I had a general manager as hired staff and also paid social security contributions.

I learnt from Wikipedia that the minimum pension, average pension and maximum pension in Bulgaria is very low.

These pension amounts are so low because the pensions are financed by the income the pension system generates now.

In order to supply the current pensioners, many more people in Bulgaria need to be hired and pay social security contributions.

In this way, the pension system would generate more income and could pay out higher pensions.

Nevertheless, my impression is that there are not enough official jobs with offical security contributions.

People help each other a lot and I admire this attitude!

But when it comes to building a social state, more official jobs are necessary and people must be willing to pay official invoices with official VAT etc. so that companies can hire more staff...

It is a viscious circle which will be hard to escape from...