Reform UK Surpasses 200,000 Members, Targets Labour
Reform UK leader Nigel Farage has announced that the party has surpassed 200,000 members
The minimum monthly retirement pension is going up by BGN 9, from BGN 136 to BGN 145, effective June 2012.
The decision was made Monday during the meeting between the Social Policy and Labor Minister, Totyu Mladenov, and the business. The labor unions did not attend.
Other pensions will remain unchanged, while starting 2013 they will be indexed only through the inflation rate. Retirement age is going up in 2012 by one year for both men and women.
The increase of retirement age is to lead to a reduction of the deficit of the National Social Security Institute (NOI) by BGN 28.4 M. This deficit will amount to BGN 121 M in 2013.
On November 13, the Confederation of Independent Bulgarian Syndicates (KNSB) and the Podkrepa (Support) Labor Confederation Podkrepa announced they were quitting the Three-Way Council, which now has only representatives of the business and the cabinet. The syndicates are outraged by the controversial and sudden increase of retirement age and eliminating years of service in determining wages of State servants – both brainchildren of Deputy Prime Minister and Finance Minister, Simeon Djankov.
The move means an imminent failure in negotiations on all important social and economic issues the Council deals with, but Mladenov said Monday that the Three-Way Council, which is now Two-Way, will meet Friday.
Podkrepa and KNSB are staging nation-wide protests on November 30 over the planned changes in the retirement system.
According to a recent survey by the European Investment Bank Group (EIB), nearly 80% of Bulgarian companies have taken steps to reduce their greenhouse gas emissions
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
The Black Sea region in Bulgaria is facing a serious labor shortage ahead of the summer season
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability