The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year.
As of September 30, 2024, the number of insured individuals in all types of private pension funds exceeds 5 million, with the largest number being in the most common universal funds, where people born after December 31, 1959 are mandatorily insured. The largest share of the insured is concentrated in the universal pension funds—over 80%. The Financial Supervision Commission reports that the assets of universal funds are growing the fastest, with an increase of over 22% compared to September 30 last year.
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
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