Bulgaria’s Supplementary Pension Funds Assets Rise 20% in 2014

Bulgaria’s Supplementary Pension Funds Assets Rise 20% in 2014

The combined net assets of Bulgaria's supplementary pension funds rose by 19.91% on the year to 8.2 billion levs ($4.8 billion/4.2 billion euro) in 2014, the country's financial watchdog said.
The pension funds active in the country recorded a combined preliminary net financial result of 41.05 million levs last year, the Financial Supervision Commission said in a statement on Tuesday. It gave no comparative figures.
Their total revenue was more than 148 million levs in 2014, posting an increase of nearly 14% over the year.
A total of 4.29 million Bulgarians had pension insurance plans at the end of December, up 2.45% from a year earlier.
 
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