Bulgaria’s Euro Transition Exposes State Weakness as Prices Surge
Bulgaria’s switch to the euro on January 1, 2026, was meant to be a technical procedure: a fixed exchange rate, dual pricing, monitoring, and clear sanctions
The State will also Pay Part of the Employer-Provided Insurance under the 60:40 Scheme
Business | April 6, 2020, Monday // 11:23
- Tweet
Send to Kindle
www.pixabay.com
The state will also take over part of the employer-provided insurance under the 60:40 scheme. GERB accepted the MRF proposal.
"We decided on the budget committee to comply with the demands of the business. In addition to applying the "60 to 40" measure for businesses, the state, in addition to those 60%, will also pay the employer-provided insurance. Thus the scheme will not be "70 to 30" but will be "60 to 40". I think we can cover that extra expense. " This was stated after a meeting of the Budget Committee by its chairman Menda Stoyanova
Only the employer's contributions will be covered - the personal remains for the employee, she said.
Related Articles:
Outrage in Iceland: Trump’s Ambassador Nominee Jokes About Making the Country the 52nd US State
Thousands of Icelanders have expressed outrage after Donald Trump’s nominee for US ambassador to Iceland reportedly joked that the Nordic nation should become the 52nd state of the United States
Croatian Ex-MP and Son Face Charges Over 1.3 Million Fake COVID Tests
The district prosecutor's office in Varaždin, northern Croatia, has formally charged a father and son with orchestrating the production of over 1.3 million counterfeit COVID-19 tests
Flu Season Still Quiet in Bulgaria, Vaccination Urged Before January Peak
In Bulgaria, there have been no confirmed cases of influenza over the past week
Bulgaria: Heads of State Institutions Awarded Themselves Massive Bonuses, Missing 2.5 Billion Euros in Budget
Ivaylo Mirchev, co-chair of "Yes, Bulgaria", revealed that heads of several state institutions awarded themselves and their colleagues massive bonuses last year
Politics | November 6, 2025, Thursday // 09:26
COVID-19 Cases Climb in Bulgaria as Vaccine Demand Soars Ahead of Winter
With the arrival of autumn, respiratory illnesses are once again on the rise across Bulgaria, with doctors noting a noticeable increase in COVID-19 infections
Bansko Named Europe’s Most Affordable Ski Resort in 2026
Bansko has been named the most affordable ski destination in Europe, according to the latest EasyJet index, which evaluates costs including lift passes, equipment rental, accommodation
Austrian Firms See Progress, but Corruption Continues to Hamper Bulgaria
Austrian companies operating in Bulgaria continue to view corruption as one of the country’s most significant economic challenges, alongside crime, bureaucracy, underdeveloped infrastructure, and political instability
Business | January 23, 2026, Friday // 09:26
Slotozilla Launches Local Version for Bulgaria
A new version of Slotozilla for Bulgarian gamblers is being launched to spread trust across the country.
Business | January 23, 2026, Friday // 07:57
Bulgaria: Borovets Hotel Charges 5 Euros for Toilet Use, Sparks Tourist Outrage
A hotel in the Borovets ski resort has provoked criticism after charging 5 euros (approximately 9.80 BGN) for the use of its toilet facilities
Bulgaria: Housing Market Stabilizes as Double-Digit Price Growth Set to End in 2026
Bulgaria is entering a new phase in its housing market, with analysts predicting the end of the “panic” buying that fueled double-digit price increases in 2024 and 2025.
Cross-Border Digital Payments Are Reshaping Consumer Spending in Bulgaria
Bulgaria’s shift to the euro at the start of 2026 has changed more than price tags.
Business | January 22, 2026, Thursday // 12:37
