Send to Kindle
Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, proposes a minimum retirement age increase from as early as 2012. Photo by BGNES
Bulgaria's Three-Way Council between the cabinet, the business and the trade unions is meeting Tuesday to discuss upping retirement pensions and the reform involving pay for State servants.
The news was reported by the Bulgarian National Television.
The plan for administrative reform had been prepared by the Finance Ministry under the leadership of Deputy Prime Minister and Finance Minister, Simeon Djankov.
The most important measure is eliminating bonuses for years of service and tying them with job performance. Another change is for all State servants to receive a fixed 70% from their contracted salary while the rest to be received as a bonus for good work.
According to the trade unions, however, this new system is highly subjective as far as assessment of employees and will have an effect on about half million people.
The administrative reform was one of the very first ones to be launched by the cabinet. In addition to the Three-Way Council, it will be presented to the media Tuesday by the team that prepared it.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The iconic "Phantom of the Opera" starts on the stage of Hall 1 at the National Palace of Culture (NDK) for a fascinating series of 14 performances, commencing today
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million
The Parliament has approved adjustments to the state social insurance budget during its initial reading, incorporating a new provision for an Easter bonus amounting to 75 BGN, for pensioners whose pensions are situated below the poverty threshold of 526
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
In a concerted effort to tackle the pervasive issue of disinformation and misleading content, Bulgarian Finance Minister Asen Vassilev, along with Minister of Economy and Industry Bogdan Bogdanov, engaged in discussions with executives from META
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
