Share

Text size

Bulgarian National Radio © 2025 All Rights Reserved

Social Minister Borislav Gutsanov: Retirement age should not be touched

published on 5/23/25 10:27 AM

Social Minister Borislav Gutsanov

Photo: BTA

The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National Television. He recalled that according to the law, it should reach 65 years by 2037.

“This topic should be closed and no one should think that they can increase the retirement age,” he was categorical.

According to the minister, it is necessary to talk not about pension reform, but about upgrading and improving. In his words, the share of shadow economy in Bulgaria reaches 25%. “This is a huge opportunity and a reserve for it to lighten up, so I issued an order for inspections by the Main Labor Inspectorate so that other funds can enter the pension system.”

Currently, 11.2% of the Gross Domestic Product is allocated for pensions. About 43% of the funds come directly from the budget, and the rest – from the National Social Security Institute.

"If there is a national goal that can unite the nation, it is dealing with the demographic catastrophe," the social minister also said.

Edited by Diana Tsankova
English version: Rositsa Petkova
Photo: BTA

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Borislav Gutsanov gross domestic product pensions retirement age shadow economy social minister

More from category

PM Zhelyazkov: We’re past the time for political debates on the euro

The government will not debate the introduction of the euro in Bulgaria , said Prime Minister Rosen Zhelyazkov at a discussion organised by the Economic and Social Council of the Republic of Bulgaria. He added that all responsible politicians and..

published on 5/27/25 4:25 PM

Prosecutor's Office moves to curb youth gang violence

Five incidents involving attacks by gangs of the so-called “locals” were recorded in Sofia just last week . Several individuals have been detained and preliminary investigations have been launched. Those over 16 are facing charges, while juveniles are..

published on 5/27/25 3:08 PM

Myara Agency: Nearly 40% of Bulgarians will not be going on holiday this summer

A survey by the Myara sociology agency, reported by BTA, found that 38% of Bulgarians cannot or will not vacation this summer. This was an answer given mostly by older people from small towns. Study reveals one fifth of Bulgarians live in poverty..

published on 5/27/25 1:47 PM

1
..
5
6
7
8
9
10

WEATHER

Pick city: Sofía

Overcast, rain
Min: 9 | Max: 18

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

MOST VIEWED

The state will continue to regulate electricity price for household consumers, energy minister says

Household consumers will remain on the regulated electricity market for an unlimited period, said Energy Minister Zhecho Stankov at a briefing at the..

published on 5/28/25 1:17 PM

It will stay cool for the end of May, with local showers

On Thursday, minimum temperatures will range from 8°C to 14°C. Around 9°C is expected in Sofia. Cloud and rain expected in western and central Bulgaria..

published on 5/28/25 7:05 PM

UNESCO expected to approve Centre for Underwater Archaeology in Sozopol as a regional underwater archaeology centre

The Ministry of Culture is expecting UNESCO to approve, by the end of 2025, the application of the Centre for Underwater Archaeology in Sozopol as a..

published on 5/28/25 8:43 AM

shopify analytics ecommerce
tracking