Bulgaria's Pension Duration Among Shortest in the EU
Bulgaria holds the distinction of having the shortest average pension duration among European Union nations
Society | January 9, 2024, Tuesday // 17:17
Consensus to Be Sealed on Bulgarian Welfare System Tweak Sunday
- Tweet
Send to Kindle
Sunday a consensus agreement will be signed by the Bulgarian government, employers and trade unions over the much disputed size of proposed increases in the payments for retirement funds.
This information was revealed Saturday by the new president of the Confederation of Independent Trade Unions Plamen Dimitrov.
The agreement is supposed to be signed by 4pm EET Sunday, announced Dimitrov.
There was much going back and forth as to the specific percentage of the proposed increase. The number initially proposed by government was 3 percentage points, but then it backed down at criticisms from employers, lowering it to 1.5.
The currently-brandished number in what has come to be a very confusing and heated debate is an upping by 1.8 percentage points.
Saturday Dimitrov commented that all three parties are now ready for compromise and consensus.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
New Pension Rules In Bulgaria: Higher Retirement Age, Service Demands
As of January 1, significant alterations have been implemented in the retirement age and mandatory service duration, impacting pension entitlements for both men and women
Society | January 2, 2024, Tuesday // 12:05
Transformative Measures: Bulgaria's Wage Increase and Pension Surge Announced
In a recent update on the Labour and Social Policy Ministry's achievements from June to December 2023, Minister Ivanka Shalapatova revealed plans for a significant increase in the minimum monthly wage, set to rise to BGN 933, marking nearly a 20% incremen
On Christmas: Sofia May Be Without Public Transport
Plamen Dimitrov, the president of the Confederation of Independent Trade Unions in Bulgaria (CITU), has issued a warning of a possible public transport shutdown in Sofia during the Christmas holidays
Society | December 17, 2023, Sunday // 14:06
Bulgaria Boosts Minimum Pension to BGN 580
A significant shift in Bulgaria's pension landscape is on the horizon, as the minimum pension for service and age is slated to surge by 11% under the Swiss rule, reaching BGN 580 starting July 1, 2024
Society | November 15, 2023, Wednesday // 16:35
Bulgaria's Pension Increase: Christmas Bonuses Every Month in 2024
In response to a question regarding Christmas supplements for pensioners in December, Finance Minister Asen Vassilev revealed that pensions would be increased by approximately 11% in the coming year
Society | November 7, 2023, Tuesday // 12:22
IMF Director Urges Bulgaria Not to Miss Euro Adoption Chance
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
BNB: Bulgaria's GDP to Rise by 2.2% in 2024, with Average Annual Inflation at 3%
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
Insights into Bulgaria's Banknote Circulation Trends Before Eurozone Entry
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
Bulgaria's Inflation Slows to 3% in March, Marking Lowest Rate Since July 2021
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
Bulgaria's Road to Eurozone Stalled: Political Crisis Inflicts Billion-Lev Blow
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
World Bank Warns: Bulgaria's Eurozone Accession at Risk!
Bulgaria's aspirations to join the Eurozone in 2025 face significant hurdles as economic slowdown and political uncertainty pose formidable challenges, according to a recent analysis by the World Bank
