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 to retire with a personal pension for length of service and age. The remaining pensions are for disability, hereditary ones, for early retirement under the conditions for the "Security" sector or not related to employment. The share of disability pensions remains high - 37%.
1/5 of the new pensioners retire above the usual age of 66 and a half, because one out of three does not have enough length of service to retire according to the general order, data from the National Social Security Institute show.
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute. Monthly inflation in August dropped to 0.1%, compared to 1.7% in July. Inflation measured from..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The..
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute...
Partly Cloudy
Clear