The key to improving the Bulgarian pension system lies in the grey economy and the undeclared billions in it. This opinion was expressed by Social Minister Borislav Gutsanov
Pension expenditure reached BGN 13.6 billion in July. It increased by BGN 1.5 billion, or 12.4% on an annual basis, according to data from the National Social Security Institute
Pensions are too dependent on taxes and fiscal policy, which can lead to debt and excessive budget deficits
Insurance is made by people for people. It allows everyone to build their lives in peace. With these words, Nikolay Stanchev
In 2024, the Bulgarian budget will supplement the pension system with over 5 billion euros and so it may be necessary to take on new debt
The assets managed by the private pension companies in Bulgaria grew by 20% in a year and by the end of 2023 are estimated at a record 11.75 billion euros
