Bulgarian Finance Minister: From July 2019, Cap on all Pensions will Increase to BGN 1,200

Sofia. As of July 1, 2019, the upper limit on all pensions, regardless of when they were granted, will be increased to BGN 1,200, but the cap will not be removed, Finance Minister Vladislav Goranov said after a meeting with trade unions, Focus News Agency reports.

Athens attracting hotel groups

Dozens of new hotels are expected to open in the center of Athens in the next few years, as the anticipated growth of tourism in the capital has generated fresh investments, either being spent on renovating and reopening existing units or giving decrepit office buildings a total makeover, while demand for empty buildings to be used for tourism purposes is soaring.

Pensions in Bulgaria will Rise by 5.7% from 1 July Next Year

Current estimates show that the upgrading of pensions from July 1 next year will be higher than in recent years. All pensions are expected to be raised by 5.7%, Labor and Social Policy Minister Biser Petkov told bTV on Tuesday. He explained that this was a direct consequence of the increase in income.