Social Security

The Labor, Social Security and Welfare Ministry is preparing to launch a work experience program for unemployed youths aged between 18 and 24, through private sector jobs, as part of a new action plan organized by the ministry, dubbed ‘Youth Guarantees.’

Yordan Hristoskov, Bulgaria's caretaker Minister of Labor and Social Policy, has suggested that a minimum wage hike from BGN 340 to BGN 400 will not harm the business sector.

In a Thursday interview for private TV station bTV, Hristoskov said that it was high time to do something about Bulgaria still being at the bottom of the EU ranking by guaranteed minimum income.

A potential sharp increase in social security contributions will push even more firms into the grey economy, the Association of Industrial Capital in Bulgaria (BICA) has said.

Having drawn 80 percent of its annual allowance according to the state budget between the months of January and July, OAEE, the social security fund for all self-employed people in Greece, backed by KEAO, the Center for the Collection of Social Security Arrears, is now turning the screws on debtors in a bid to get them to settle their outstanding accounts with the fund, or else risk having asse

 More revenues, restrained expenses lead to 2.27-bln-euro result

Greece’s state budget registered a 2.27-billion-euro primary surplus for the seven-month period covering January to July, exceeding expectations by 1.47 billion euros, Finance Ministry data showed Thursday.

Bulgaria's Ministry of Labor and Social Policy will propose an increase in the minimum wage in 2015, according to caretaker Minister Yordan Hristoskov.

In an interview for Trud daily, Hristoskov said he backed the automatic mechanism for the calculation of the increase in the minimum income guaranteed by the state.

Greece is to continue to resist calls from the International Monetary Fund to have a private collection agency to chase up millions of euros in unpaid social security contributions, Kathimerini understands.

Property owners in Greece will not receive any income tax rebates due until the resolution of the new single property ownership tax (ENFIA) issue, which caused an uproar last week due to erroneous data having been used in the calculations.

Yordan Hristoskov has been appointed caretaker Deputy Prime Minister in charge of social policy and caretaker Minister of Labor and Social Policy.

Professor Yordan Hristoskov is part of the Macroeconomics department of the Institute of Economics at the Bulgarian Academy of Sciences.

 Coalition concerned about provision for merging auxiliary pension funds as it will affect armed forces

The multi-bill of reforms needed for Greece to receive its next 1 billion euros in bailout loans and pave the way for the successful conclusion of the next troika review in September was submitted to Parliament Tuesday.