Bulgaria's Ruling Parties to Seek Consensus on Pension Reform

Center-right GERB and rightist Reformist Bloc, the two main partners in Bulgaria's ruling coalition, have agreed to hold additional consultations over the country's pension system.

Reformist Bloc (RB) co-head Radan Kanev wrote on Facebook Sunday that a two-hour-long meeting between him and Prime Minister Boyko Borisov had taken place.

The two spoke of the rift that opened following Friday's marathon session in Parliament which resulted in the adoption of both 2015's state budget and amendments to the pension system, with the RB harshly resisting the changes saying they had not undergone enough discussion between the coalition partners.

In Kanev's words, talks should be expected as early as "before the New Year or at the beginning of January."

RB's co-chair hopes that "a common political solution... will guarantee security of personal pension savings and stability of the financial system, including that of private and public pension funds."