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The average montly pension in Bulgaria is EUR 380, National Social Security Institute data show

Pensioners in Bulgaria receive an average of EUR 380 a month, indicate National Social Security Institute data. In Sofia, this sum us around EUR 445 on average, in Kurdzhali and Razgrad – EUR 300. According to latest data from the first quarter of..

10.06.23 15:14 |

Nearly a quarter of Bulgarians live below the poverty line

In 2022, the total poverty line for Bulgaria is BGN 525.92 /EUR 268.43/ per household person per month on average. 1.572 million people, or 22.9% of the country's population, were below the poverty line, according to data from the National Statistical..

26.04.23 16:57 |

Bulgaria considers introduction of Pan-European pension product

In order to introduce the pan-European pension product in Bulgaria, a project for changes to the Social Security Code has been filed by the Council of Ministers in Bulgaria. The draft has already been accepted at first reading by the social..

23.11.22 18:23 |

Tripartite Council supports introduction of Pan-European Pension Product

The National Council for Tripartite Cooperation has supported the proposed Social Security amendments, which will introduce the Pan-European Pension Product in Bulgaria. Deputy Prime Minister and Minister of Finance Assen Vassilev is..

17.05.22 16:14 |

Rise in incomes of Bulgarian households marked in 2020

In 2020, the average total annual income per household member was 3,580 euros, which is a 6. 2-percent rise compared to 2019, the National Statistical Institute has reported . T he total income per member of a..

15.04.21 13:36 |

Retirement in Bulgaria is becoming increasingly difficult

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..

06.12.20 11:58 |
Vasil Velev, chairman of BICA

Industrial Capital Association: Increasing the minimum wage is a mistake

The Bulgarian Industrial Capital Association (BICA) forecasts a decline in the country's gross domestic product between 3.5 and 5.5% depending on the development of the second wave of Covid-19. This was said for BNR by the chairman of the association..

20.10.20 11:30 |

Social old-age pension in Bulgaria reaches 72.41 euros

The old-age social pension will jump from BGN 132.74 (EUR 67.86) to BGN 141.63 (EUR 72.41) from July 1, the government has decided. The increase in these types of pensions affects a total of 133,600 people.

27.05.20 18:09 |

Bulgarian pension system faces major demographic challenges

This is the conclusion of NSSI experts, published in the first for the year Electronic Social Security Bulletin. Eurostat forecasts show that the population in Bulgaria will be declining and at the same time its age structure will continue to..

17.04.20 16:40 |
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