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.
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
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