The financial performance of the additional, obligatory and voluntary pension funds is mostly negative for the past two years, over the period from 30 September, 2021 until 29 September 2023, the Financial Supervision Commission had announced.
According to the Commission, with the most widespread universal funds, to which all persons born after 31 December, 1959 are obligated to make contributions for a second pension, the financial performance is minus 2.58%. Only one out of the nine funds has registered a positive financial performance at 1.47%. The financial performance of the professional funds, also 9 in number, is minus 1.82 per 100, with only two registering a positive performance.
According to latest data, the assets of the pension funds are in excess of the record EUR 10.5 billion, and the number of insured persons in them is almost 5 million.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
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