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.
"We hope that by the end of next week, the calculations will be completed and the results will be submitted to the Constitutional Court", Central Election Commission (CEC) Deputy Chair Rositsa Mateva told public broadcaster BNT regarding the..
The number of pensioners in January this year increased by 15,630 people, or 0.8%, compared to the first month of the previous year, the National Social Security Institute informed. More than 2 million people live on pensions whose average value is..
Acting Prosecutor General Borislav Sarafov submitted a proposal to the National Assembly to strip the immunity from four MPs from "Vazrazhdane" due to acts of vandalism during the protest in front of the European Commission building in Sofia. These..
A serious restrictive and even repressive attitude among Bulgarian society on the current issues of school education and upbringing is shown by an..
Foreign Minister Georg Georgiev today received at the Foreign Ministry Susan Falatko, who arrived in Sofia a few days ago as Charge d'Affaires of the U.S...
Friday will be mostly cloudy. Fog will cover the lowlands before midday. It will rain in some places, especially in southern Bulgaria. Minimum..
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