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

Weather forecast for May 27: Daytime temperatures will rise by 3°C-4°C

The weather will remain cloudy on Tuesday, with rain showers in many areas.  The lowest temperatures will range from 8°C to 12°C, around 10°C in Sofia. During the day, it will be mostly sunny in Southwestern Bulgaria. There will be cumulonimbus clouds..

published on 5/26/25 6:35 PM

Iliana Yotova awards the winners of the competition “My Ancestral Roots from Macedonia and Eastern Thrace”

Ivet Atanasova, an 11th-grader at the High School of Mathematics in Silistra, is the winner of the Third National Student Competition “My Ancestral Roots from Macedonia and Eastern Thrace”. Her family originates from the town of Kočani in Vardar..

published on 5/26/25 6:11 PM

More than 140 exhibitors take part in the Spring Book Fair in Sofia

"For Bulgaria, every day is May 24. But there is nothing more natural and nothing better than celebrating the Book Fair on the third day of the brightest Bulgarian holiday, Vice President Iliana Iotova said at the opening of the 17th Spring Book Fair..

published on 5/26/25 5:42 PM