Fewer and fewer Bulgarians are able to meet the conditions for retirement. By September 2020, the number of newly granted pensions was 62,757 or 20,484 less in comparison to 2015. There has been a decline of 24% over the past 5 years. Only 54% are able to retire with a personal pension for length of service and age. The remaining pensions are for disability, hereditary ones, for early retirement under the conditions for the "Security" sector or not related to employment. The share of disability pensions remains high - 37%.
1/5 of the new pensioners retire above the usual age of 66 and a half, because one out of three does not have enough length of service to retire according to the general order, data from the National Social Security Institute show.
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
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