Personal finance
Bulgaria to Increase Pensions by Nearly 10% in 2025
Pensions in Bulgaria will be increased by 9.6-9.7% from July next year, as per the Ministry of Finance's latest estimates, which are in line with the Swiss indexation rule. Initially, experts had predicted a smaller increase of 8.7%. As a result, the minimum pension is expected to rise to approximately 636-637 leva.
Pension hike to exceed 13% in last three years
The cumulative increase in pensions over the last three years will significantly exceed 13%, Deputy Labor and Social Security Minister Panos Tsakloglou said in an interview with the Athens-Macedonian News Agency on Sunday.
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Theodoropoulos from SEV advocates for essential reforms emphasizing tax incentives for large investments to stimulate economic growth
The President of SEV is calling for the amendment of the Development Law and the inclusion of large investments with tax incentives in it, given the termination of the Recovery Fund and as a measure to close the investment gap that the country continues to present against the rest of Europe despite the significant improvement of the last five years.
Majority of Bulgarians Report Decreased Savings Amid Inflation Surge
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.
October 2024 Pensions: Payment Schedule for Tomorrow
The official payment of October pensions to beneficiaries commenced on Wednesday, September 25.
Tomorrow, pensions for former Employees’ Funds [IKA-ETAM, BANK, OTE, PPC, OTHER INSTITUTIONS (TSEAPGSO, TSP-ISAP), NAT, ETAT, ETAP-MME] will be disbursed, along with both the main and supplementary pensions for public sector employees.
TIF measures: See live the details of the increases in wages, pensions, benefits
The beneficiaries of the package of measures announced by the Prime Minister at the TIF, which unfolds from now until the end of 2025 and approaches 1.4 billion euros, are being presented by the Minister of National Economy and Finance, Kostis Hatzidakis
Thessaloniki International Fair (TIF): Who will see permanent pay increases in 2025 and who will receive one-time allowances this year
The beneficiaries of the new measures, which were announced by the Prime Minister at the TIF and will roll out from now until the end of 2025, will be presented today by the Minister of National Economy and Finance.
European governments seek to alleviate pressure on pension systems
German measures to incentivize workers to retire later come as governments across Europe are turning to pension reforms to address worker shortages and ease the burden on their pension systems.
Here is what other European countries are doing.
France
Bulgaria's Pension System Faces Financial Strain Amid Demographic Shifts
The reliance of Bulgaria's State Social Insurance (SSI) on the state budget is set to continue growing, according to an actuarial report by the National Social Security Institute (NSSI).
Payments from e-EFKA and DYPA until Friday 30 August – When the beneficiaries will be paid
A total of €2,321,832,885 will be paid to 4,192,305 beneficiaries from 26 to 30 August 2024 as part of the scheduled payments of the e-EFKA and the Public Employment Service (PES).
1. in particular from e-EFKA: