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

Social Minister Borislav Gutsanov: Retirement age should not be touched

Social Minister Borislav Gutsanov
Photo: BTA

The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National Television. He recalled that according to the law, it should reach 65 years by 2037. 

“This topic should be closed and no one should think that they can increase the retirement age,” he was categorical.

According to the minister, it is necessary to talk not about pension reform, but about upgrading and improving. In his words, the share of shadow economy in Bulgaria reaches 25%. “This is a huge opportunity and a reserve for it to lighten up, so I issued an order for inspections by the Main Labor Inspectorate so that other funds can enter the pension system.”

Currently, 11.2% of the Gross Domestic Product is allocated for pensions. About 43% of the funds come directly from the budget, and the rest – from the National Social Security Institute.

"If there is a national goal that can unite the nation, it is dealing with the demographic catastrophe," the social minister also said.


Edited by Diana Tsankova
English version: Rositsa Petkova
Photo: BTA



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

 Energy Minister Zhecho Stankov

Energy Minister: Adoption of the euro will not affect household electricity prices

The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria adopts the single European currency, electricity bills will be recalculated at the legally approved..

published on 6/1/25 4:43 PM
Revolutionary Hristo Botev (1848-1876)

Rumen Radev to deliver speech on the eve of 2 July

President Rumen Radev and Vice President Iliana Yotova will take part this evening in the commemoration of the 149th anniversary of the brave actions of poet and revolutionary Hristo Botev and his chetnicks. The event will take place in Vratsa , the..

published on 6/1/25 4:25 PM

Construction of Bulgaria's First National Paediatric Hospital to begin March 2026, Ministry of Health announces

The Ministry of Health shared a short video showing what the country's first National Paediatric Hospital (NPH) will look like. This hospital is set to open by 2028, as reported by BTA.  The construction will begin in March next year, three months..

published on 6/1/25 3:36 PM