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Poverty line in Bulgaria to be raised to EUR 257 a month in 2023

By a decision of the caretaker government, the poverty line in Bulgaria is to be raised to EUR 257 per month in 2023, EUR 46 or 22% more than in 2022. The caretaker cabinet says this is the highest poverty line increase in 10 years. According..

21.09.22 18:25 |

Bulgarian cabinet plans to raise the poverty line to 257 euros

The poverty line in this country will be raised to BGN 504 (EUR 257) next year, as the current level is 211 euros, a draft government decree discussed today at a meeting of the National Council for Tripartite Cooperation reads...

16.09.22 14:31 |

New poverty line proposed, but 1.5 million will remain below it

The Ministry of Labour and Social Policy is proposing a new poverty line in the country, as of 1 January 2023, of EUR 202 (504 Leva) a month. The draft decree has been published for public debate. The increase proposed is by EUR 46 or 22% and..

11.07.22 12:40 |

Kiril Petkov: 2022 state budget is a budget of economic growth

Bulgaria’s cabinet has adopted the framework of the 2022 state budget, Premier Kiril Petkov and this country’s Minister of Energy Alexander Nikolov announced at a joint briefing after the extraordinary sitting of the government. In Premier Kiril..

31.01.22 15:27 |

Bulgaria is beginning the new year without an approved budget

Bulgaria is beginning the year, 2022, without a budget, voted by parliament, which is unprecedented in the country’s most modern history. According to estimated data, by the end of December 2021, the budget was "in the red" by 4 billion Leva (a..

01.01.22 12:10 |

Premier Kiril Petkov calls on Bulgaria’s business to make green certificates mandatory

Premier Kiril Petkov has issued a decree to make the green certificate mandatory at the Council of Ministers. Kiril Petkov called on Bulgaria’s business to follow the example of the administration, which would increase vaccination rates in the country...

14.12.21 11:40 |

Bulgaria’s population shrinks by over half a million in the space of 10 years

In the space of 10 years the population of Bulgaria has dwindled by 590,000 people. At the same time the number of poor pensioners has gone up by 128,000, and of poor children – by more than 17 , 000 , Ivan Krastev, Deputy Minister of..

11.10.21 15:35 |
Minister of Labour and Social Policy Galab Donev

Pensions to be raised as of 1 October

Pensions will be raised by an average of 12 . 5% as of 1 October, Minister of Labour and Social Policy Galab Donev announced. Furthermore 431,000 people over the age of 65 with pensions below the poverty line (369 Leva a month) will..

22.07.21 15:37 |

Around 2/3 of households with incomes below subsistence level

68%  of the households in the country live on an income below the subsistence level. In 2019 this percentage was 72, which means that the socially targeted measures during the crisis are having a certain positive effect, indicates an analysis..

18.11.20 13:21 |

Bulgaria's government plans to set poverty line for 2021 at BGN 369

Bulgaria's government has plans to set the poverty line next year at BGN 369 compared to BGN 363 this year. according to a new governmental decree.  Another government project envisages that the Minister of Social Affairs should be able to propose..

16.08.20 11:39 |
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