BGThe Bulgarian government has announced measures to reduce salaries for top executives at state-owned forestry enterprises, setting a cap of up to six minimum wages (approximately 3,720 euros) for directors and four minimum wages (around 2,480 euros) for regional managers. This follows a proposal by the Ministry of Agriculture to limit executive compensation, which previously allowed directors to receive up to 18 minimum wages even during losses. The changes aim to optimize costs and improve financial management amid declining timber market conditions over the past two years. Previous investigations revealed high executive pay despite companies operating at a loss, such as 'Kabiyuk' in Shumen, where board members earned over 70,550 euros in six months. The reforms have sparked criticism, including from former Minister Ivan Khristanov, who expressed shock at the level of remuneration compared to ministers’ salaries.
Bias read (Left): The article frames the issue as a necessary reform to address excessive executive pay and corruption, aligning with progressive critiques of economic inequality. It highlights discrepancies between executive compensation and company performance, emphasizing accountability and transparency. While it
