Bulgaria

Last Update by Katie, 13 Jun 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Sofia

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (BGN)
McDonalds Set Meal 15
Monthly Train and Bus Tickets 50
3 Bedrooms Rental (City Center) 1,868
3 Bedrooms Rental (Outskirt) 1,263

Current Inflation Rate

3.5%

Wage

Minimum Wages

  • 933 BGN per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (BGN)
Entry-Level
Fresh Graduate
950
Mid-Level
5 Years
1,500
Experienced & Managerial Level
10 Years
3,000
Specialized & Senior-Level
15 Years
>3,000

Annual Salary Growth

14.7%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Pension Fund 8.22% 6.58% All insured staff
Maximum BGN 3,750 contribution base
Universal Pension Fund 2.8% 2.2% All Staff
Unemployment Fund 0.6% 0.4% All insured staff
Maximum 3,750 BGN contribution base
Health Insurance Fund 4.8% 3.2% All insured staff
Maximum 3,750 BGN contribution base
Common Disease and Maternity Fund 2.1% 1.4% All insured staff
Maximum 3,750 BGN contribution base
Accidents and Occupational Diseases Fund 0.4–1.1% - All Staff
Length of Service Allowance 0.6% - All Staff with 1 years' service

Other Benefit

Other common employment benefits in Bulgaria include:

  • Food Voucher: Around 80 BGN per month
  • Multisport Card: Around 100 BGN per month
    Fully paid for by the employer, or split between employer and staff

Income Tax

Residents

  • Tax period: 1st January - 31st March
    Filing Due Date: 30th April the following year
  • Flat rate of income tax: 10%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Bulgaria is taxed: 10%

Working Hours

Statutory

40 hours
8 hours, 5 days a week

Typical practice

40 hours
Monday-Friday

Overtime

Up to 150 hours per calendar year

  • Working days: 150%
  • Weekends: 175%
  • Public holidays: 200%

Employment Contract

Permanent

Contract Format

Written form in Bulgarian

Payroll Currency

BGN

Probation

6 months

Contract Period

No maximum duration.

Termination

  • Notice during probation:
    - Up to 8 days' service: 24 hours
    - 8 days -1 month service: 48 hours
    - 1 month service: 2 weeks
    - 3 months' service: 1 month
  • Notice after probation:
    - 30 days- 3 months
  • Severance:
    - Dismissals for closure/ partial closure of establishment, staff cuts: 1 month’s salary
    - Dismissal due to disability, hazard or health staff with 5 years 'service and has not received severance in the past 5 years: 2 months’ salary
    - Dismissal on all other rounds: 2 months’ salary

Public Holiday

12 days

Country Level

Date Name
01 Jan New Year's Day
03 Mar - 04 Mar Liberation Day
01 May Labour Day
03 May - 06 May Orthodox Easter
06 May St. George's Day
24 May Culture and Literacy Day
06 Sep Unification Day
22 Sep - 23 Sep Independence Day
01 Nov National Awakeners Day
24 Dec - 26 Dec Christmans Day

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days All staff with 4 month's service
Sick Leave First 2 days of sick leave
After 2 days covered by social security
All staff
Maternity Leave 410 calendar days
45 days before birth, 365 after birth
Expectant mothers with 12 months' social security contributions
Adoption Leave 365 calendar days All staff who adopt a child aged 2-5
Shared Parental Leave Balance of mother's leave Expectant mothers transferring leave to fathers when child reaches 6 months
Paternity Leave 15 calendar days Expectant fathers who are married and share a household with the mother
Marriage Leave 2 working days All staff
Bereavement Leave 2 working days All staff with death of a parent, child, spouse, brother, sister and parent of the other spouse

Reference

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