Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The economy is increasingly relying on retirees

Elderly people are increasingly becoming a valuable asset on the labour market, said Minister of Labour and Social Policy Biser Petkov in parliament today.

According to National Social Security Institute data, at the end of 2018 there were over 197,000 pensioners receiving retirement pensions who continue to work and pay social security contributions, Minister Petkov said. The increase in the employment rate among elderly persons has been a consistent trend since 2012.

According to the National Statistical Institute the employment rate among people aged 55 to 64 has gone up by 15 percent – from 45.7 percent in 2012 to 60.7 percent in 2018.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Spring-like daytime temperatures

On Friday morning there will be fog or low clouds in the lowlands and valleys. Minimum temperatures will be between -3°C and 10°C in the Pre-Balkan, around 1°C in Sofia. Visibility will improve after midday, but clouds will increase from the north-west..

published on 1/9/25 7:05 PM
Lyuboslav Kostov

Trade unions expect 'cascade of protests' if state budget not approved

Protests could erupt if the National Assembly fails to approve this year's state budget, Lyuboslav Kostov, chief economist at the Confederation of Independent Trade Unions of Bulgaria (CITUB), said in an interview with BNR. "Once again, the budget..

published on 1/9/25 4:39 PM

Parliament adopts first reading of provisional budget law

MPs unanimously adopted at first reading the caretaker government's proposed law on revenues and expenditures in 2025, pending the adoption of the state budget. "The main objective is to ensure financial stability and the normal functioning of..

published on 1/9/25 4:20 PM