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.
Efforts to contain the wildfire in Rila National Park have continued for a tenth consecutive day, reported BNR’s correspondent in Blagoevgrad Keti Trencheva. The most critical situation is on the northeastern front, where the wind is spreading..
Political leaders delivered messages of unity o n the occasion of Unification Day . Prime Minister Rosen Zhelyazkov congratulated the Bulgarian people, emphasizing that the Unification remains a timeless example of strong public will and..
Starting at midnight on September 7, section control for measuring average speed will be introduced on specific segments of the national road network. Cameras placed at the beginning and end of each section will record the time it takes for a vehicle..
A work accident at the Arsenal weapons plant in Kazanlak has injured two workers . One of the 46-year-old men, who was hospitalized with a severe..
During the night, the weather will remain mostly clear with scattered high clouds. After midnight, low clouds or fog are expected to form over the far..
Firefighting teams, workers from the Rila Monastery Nature Park and volunteers joined efforts to extinguish a fire that broke out yesterday afternoon in..
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