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.

Gov't to finally cut contributions

The government's recent announcement on the upcoming reduction of social security contributions constitutes a direct admission that the law introduced by former social security minister Giorgos Katrougalos has since 2016 served as a mechanism for confiscating up to 70 percent of the incomes of thousands of self-employed professional, mainly lawyers, engineers and doctors, say sector representat

Cartel Alfa leader: 65 pct of employees to collect minimum retirement benefit under new pension bill

According to the new pension bill, about 65 percent of the employees will only collect the minimum pension, president of the 'Cartel Alfa' National Trade Union Confederation Bogdan Hossu told a press conference in Zalau on Wednesday.