Caretaker Prime Minister Dimitar Glavchev said that no increase in social security contributions is being planned. Glavchev attended the presentation of a new, state-of-the-art artificial intelligence, operating in Bulgarian and..
Deputy Prime Minister and Finance Minister Lyudmila Petkova has pledged that there will be no increase in social contributions, corporate or personal income taxes in 2025. The Covid-19 pension supplements will not be discontinued and the budget..
In 2023, there will be 68 pensioners per 100 insured workers in Bulgaria. By 2070, the ratio is expected to be 78 pensioners per 100 insured workers. This information comes from a 2024 report by the National Social Security Institute, which forecasts..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
The MPs obligated the supervisory board of the National Social Security Institute to support the revaluation of pensions by 11% as of 1 July this year. Such a decision had already been approved by the supervisory board but one of the..
The National Assembly will hold an extraordinary sitting at 1 pm on May 21, the Parliament’s presiding body decided. MPs will hear caretaker Premier Dimitar Glavchev regarding the upcoming increase in pensions from July 1. The request for the..
I proposed that the pensions update from July 1, 2024 be set at 11% and the Supervisory Board of the National Social Insurance Institute voted in favour of my proposal, caretaker Minister of Labor and Social Policy Ivaylo Ivanov said. He noted that..
The average monthly pension paid out in January 2024 in Bulgaria is almost EUR 383. For women it is EUR 333, and for men – EUR 457, indicate National Statistical Institute data. The average contributory service and retirement age pension is higher –..
Bulgaria is the European Union member country where pensions are received for the shortest amount of time. The payment of retirement pensions in EU member states continue between 15 and 25 years, on average. In Bulgaria, men receive a pension for an..
The average annual salary for men is 20,515 BGN (10,489 EUR), and for women - 16,880 BGN (8,630 EUR) . This is shown in the Report on the equality of women and men in Bulgaria for 2022, published for public discussion on the website of the Ministry of..
