Mass Exodus: Six 'Greatness' MPs Leave, Parliamentary Group Collapses
The Central Council of the "Greatness" party recently urged Nikolay Markov to resign as chairman of the parliamentary group
On December 4, the MPs conclusively adopted the State Social Security budget for next year. The minimum pension from July 1 next year will be BGN 250 and the maximum pension will be BGN 1200.
The budget envisages an increase of the minimum wage to BGN 610 from January 1, 2020. From then on, wages in the budget sector will increase by 10%, teachers’pay will go up by 17.5% and social workers’ by 15%.
The social budget envisages an increase of all pensions since July 1 by 6.7%. The minimum pension will go up to the size of BGN 250. Currently it is BGN 219.43. The minimum social pension for old age will increase to 141.63 BGN. The maximum pension or the so-called ceiling is maintained at the level of BGN 1200.
The minimum monthly amount of the insurable earnings goes up to BGN 610, which is the size of the minimum wage in the country. The minimum monthly amount of insurable earnings for farmers will be 420 BGN. The maximum monthly amount of insurable earnings remains at the level of BGN 3000.
The poverty line next year will be BGN 363 per month, BNT reported.
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushes into joining the eurozone
Bulgarian Posts will carry out the exchange of levs into euros in 2,230 post office locations across the country
Bulgaria has fulfilled the final requirement for joining the eurozone by meeting the budget deficit criterion
On June 4, Bulgaria will find out whether the euro will officially replace the lev in January 2026
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
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