In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in Bulgaria are low compared to salaries and poverty among pensioners is widespread, nevertheless the deficit in the public social security budget is going up which could boost government debt. According to the IMF, the problems in the pension system can be solved by increasing the incentives for the people who pay social security installments which will raise budget revenues and pensions.
Public transport in Sofia will resume as of Tuesday, May 20, Todor Kapitanov, Vice President of the Confederation of Independent Trade Unions in Bulgaria (CITUB), told journalists. Today, at a meeting between Premier Rosen Zhelyazkov and trade union..
On Tuesday, minimum temperatures will range from 8 to 12°C. In Sofia, it will be around 8 °C. The day will be mostly sunny, with scattered clouds and a chance of light rain in the afternoon. The wind will blow from the west-northwest, reaching moderate..
Sofia Mayor Vasil Terziev accused GERB leader Boyko Borissov and Prime Minister Rosen Zhelyazkov of populism and reckless actions. Earlier today, the government announced it would allocate an additional 15 million leva (7.7 million euros) in subsidies..
We are helping North Macedonia and Serbia because of the breakdowns in their energy systems, Bulgaria’s Minister of Energy Zhecho Stankov announced at..
"The Untamed" is the name of the team comprising four rowers from the boat Rannoch 45 '' Rose'' , who have set off from the western coast of Australia..
On Monday, the lowest temperatures will range between 5°C and 10°C, around 5°C in Sofia. It will be mostly sunny in the morning, but around and after..
sunshine, cloud, rain and thunder
Partly Cloudy
Partly cloudy, chance of rain