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.
Today, architecture students from the University of Architecture, Civil Engineering and Geodesy in Sofia are presenting new proposals for integrating the remains of the Roman Villa Rustica into the city's modern urban environment. Their aim,..
On Wednesday minimum temperatures will range between 3° C. and 8° C., for Sofia around 4° C. Visibility will be diminished in the morning in the valleys and lowlands. During the day the weather will be predominantly sunny with a temporary increase..
Social tensions from 1 July until 30 September this year are estimated at an index of 6.09, meaning “risks that are difficult to control”, on a scale of 1 to 210, indicates a survey by the sociological agency Myara, the Bulgarian news agency BTA..
The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
On Thursday, minimum temperatures will range between 6 and 11°C across the country. Along the Black Sea coast, they will reach 13 to 16°C , while in Sofia..
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