Personal finance

By Dimitra Manifava

The Development Ministry appears unwilling to grant another extension to the implementation of a law protecting primary residences from repossession by banks over unpaid debts, as it believes that the legal framework dating from 2010 is sufficient to protect homeowners in financial difficulties.

The Bulgarian government and trade unions agreed that there will not be an increase of the retirement age in 2015, while a long-term solution to the components of the pension reform should be reached until March 31 next year.

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The government has decided to raise minimum wage by BGN 40, increase pension age by four months and keep health and pension insurance contributions unchanged next year.

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Cyprus said on Tuesday it hopes to re-establish a flow of aid from international lenders after some issues were resolved in a disputed foreclosures bill that lenders demanded for funds to be released.

BELGRADE - A hundred and twenty-six people have been stripped of disability pensions so far as part of a review process after being found to have claimed the pensions fraudulently, Minister of Labour, Employment, Social and Veteran Affairs Aleksandar Vulin said on Tuesday.

BELGRADE - The Serbian parliament is considering on Sunday a total of 70 amendments to the bill modifying the 2014 budget law and accompanying laws, and after the close of the debate MPs will vote on the regulations.

Seizure of Tycoons' Yachts, Villas, Airplanes....

Tax Administration, with our money, credited the biggest debtors, who owe more than 400 million euros, allowing them payment in installments. Meanwhile, they are enjoying in their luxury cars, yachts and airplanes.

Turkey’s social security body will make the payment for a prosthetic leg purchased by a veteran soldier, who had hit headlines after it was revealed that he was facing repossession of his property for failing to repay a loan he took out for the new prosthesis.

A veteran soldier who lost a leg in a terrorist attack is now facing repossession of his property for failing to repay a loan he took out for a new prosthetic leg.

Police officers, fire fighters, rescuers, prison guards and military personnel protested in downtown Sofia against the planned pension age increase, reports the Nova TV national channel.

The several hundred protestors wore red clown noses and demanded the resignation of the caretaker Labour and Social Policies Minister Yordan Hristoskov.