Given current trends in Bulgaria, the country’s pension system may soon begin to be financed primarily from the budget rather than from social security contributions
Finance ministers from the European Union (EU) approved a decision to launch an excessive deficit procedure (EDP) against Bulgaria
The current model of the Bulgarian pension system encourages income concealment and the non-payment of required social security contributions
Prime Minister Rumen Radev discussed cooperation between Bulgaria and Ukraine in the energy sector and the supply of energy resources
Bulgaria now has its third draft state budget, in which the fight against the shadow economy is identified as a key measure for generating more revenue for the treasury
The labor market in Bulgaria continues to show signs of cooling. In June, there was a marked decline in the number of job postings
We expect to see a clearer link to economic development in the 2027 budget. This was stated by Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB)
The municipal investment program, on which local authorities rely to build streets, install street lighting, develop water and sewer infrastructure
The trend of steadily rising expenditures in the State Social Security (SSS) budget exacerbates the risk to the fiscal sustainability of the entire social security system
Prime Minister Rumen Radev’s government is seeking a “fair” way to require civil servants to pay their own social security contributions
