The caretaker cabinet has published a draft for public consultation, proposing an increase in the povertyline from 1 January 2025. This povertyline is a crucial indicator for developing state policies related to income and living standards and determining social protection measures, which are assessed annually. The povertyline also determines eligibility for certain social benefits.
The draft act suggests setting the povertyline for 2025 at BGN 638 (around EUR 325), up from BGN 526 (around EUR 265) in 2024. By annually updating the povertyline based on the Eurostat survey "Statistics of Income and Living Conditions (EU-SILC)," the government aims to ensure that poverty is measured objectively, reflecting the current economic reality.
With a proposed povertyline of 638 leva for 2025, financial support for people with permanent disabilities, monthly social benefits, and funds under the Child Protection Act will be adjusted according to the state budget's capabilities. Additionally, the scope of individuals entitled to a social pension for old age, as per the Social Security Code, will be expanded, according to the petitioners.
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable
The European Commission made clear that Bulgaria’s planned entry into the Eurozone remains unchanged, regardless of the political uncertainty in Sofia.
In Bulgaria, the common perception that investing is reserved for the wealthy remains widespread, but recent analysis by Freedom24 shows that households can begin investing with modest amounts of 50–100 BGN (approximately €25–50) per month
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