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Minimum Insurance Thresholds in Bulgaria Up by 5,6% Average.

Bulgarian employers and trade unions have finished negotiating the minimum insurance thresholds for economic activities and groups of professions for 2011, the Social Ministry has announced.

They have negotiated the thresholds for 77 economic activities and 9 groups of professions. However, they have reached consensus on 30 economic activities, which would affect about 1,3 million workers.

There is an increase of the minimum insurance threshold for 22 economic activities and for 7 others they will remain at the same level as in 2010.

The average percentage of the increase of the negotiated minimum insurance thresholds was 5,6%. For 47 other economic activities, the minimum insurance thresholds will be updated administratively and they will also be increased by 5,6%.

The biggest increase in the economic activities is seen in the trade a 10,2%, and tourism sector a 12,5%, followed by paper and cardboard production a 9,7%, agriculture a 7,2%, forestry a 7,4%, and garment production a 7%.

The new insurance thresholds are expected to further increase the revenues in the state social insurance by about BGN 110 M per year and to cover about 2,3 million people.
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Publication:Sofia News Agency
Date:Sep 29, 2010
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