Personal finance

Average monthly income from new pensions rises 5.3% in May

An increase of 5.3% was recorded in the average monthly income from new pensions in May compared to the same month last year, with the amount being 1,014 euros from €963.

According to the Helios report, which captures the monthly flow of new retirements, the increase comes mainly from main pensions.

Sofia Among the Top Risers in Cost of Living for Foreigners

Sofia has climbed six places to occupy the 162nd position in the 2024 cost of living ranking by the management consulting company Mercer, which lists the most expensive cities for foreigners. This index includes 226 cities worldwide, measuring the relative price of over 200 items in each location, such as transportation, food, clothing, household goods, and entertainment.

New presidential decree allows settlement of social security debts, eases retirement

The presidential decree has been published for the settlement of debts of up to 30,000 euros to the Single Social Security Entity (EFKA).

This means that all citizens who have debts of up to €30,000 will be able to retire, government spokesperson Pavlos Marinakis announced on Monday.

Why Greek people do not save

Savings in Greece have collapsed since 2002, especially private savings - i.e. by households and businesses - Eurobank argues in a special study on "Savings in Greece - Why We Don't Save," which was presented on Monday, with a deterioration of the savings rate observed in the five-year period 2018-2022.

Bulgarian Pensions: Proposed Adjustment to 10% from Initially Planned 11%

The scheduled increase in pensions from July 1 might be adjusted to 10% instead of the initially projected 11%, in line with the State Social Security budget for the current year. This potential alteration stems from the officially reported lower inflation rates compared to earlier forecasted estimates.