EFKA has seven priorities scheduled

The planning of the Single Social Security Entity (EFKA) for the next few months provides for the closure of tens of thousands of pending issues.

Retroactive refunds to tens of thousands of insured persons, the cancellation of debts that have not been sought for 10 years, as well as "rebates" for payment of contributions are to be dealt with by this fall.

Borrowers will not share data

Two in every three borrowers who reached the penultimate step before the final submission of their application to join the mortgage installment subsidy program have canceled it on their own initiative, as a result of which the number of beneficiaries is only 4,527 to date.

China cuts two benchmark rates to prop up economy

China's Central Bank yesterday cut two benchmark interest rates, following several similar measures in recent days in a bid to counter the post-COVID growth slowdown in the world's second-largest economy.

Last week, the People's Bank of China (PBoC) lowered two other key rates and pumped billions into financial markets, as fresh data showed the economy continued to struggle.

Bulgaria’s Minister of Social Affairs: From July 1 the Minimum Pension will be 523 Leva

After July 1, pensions will increase by 12%, Minister of Labor and Social Affairs Ivanka Shalapatova told bTV.

She stated that Finance Minister Asen Vassilev confirmed that there is money in the budget for the increase in pensions under the so-called swiss rule

This means that pensions from 467 leva will increase to 523 leva.