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Bulgaria Increases Pensions by 8.5 percent October 1
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Bulgaria's government has decided to increase the pensions in the country by 8.5% since October 1, Prime Minister Sergey Stanishev announced Thursday.
"All pensions will be recalculated so about 1,2 million elderly people will get an average 8.5% rise in their payments," he explained.
The rulers are planning to also increase the energy aid currently provided by about 60% and to allocate individual financial packages to those, who cannot manage the inflation.
The announcements were made during premier's visit to the only seasonal holiday station for elderly and disabled people in Bulgaria, located in the seaside town of Balchik.
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