Bulgarian President To Veto Retirement Age Increase

Bulgarian President To Veto Retirement Age Increase

Bulgarian President Georgi Purvanov will veto the 2012 social insurance budget act which raises retirement age in the country.

The reasons for the veto concern the substance of the amendments, the procedure of their submission and approval, and the fiscal effect of their application, state-run Bulgarian News Agency said.

At a meeting with Purvanov, the two presidents of local trade unions, Konstantin Trenchev and Plamen Dimitrov, and Social Policy Committee Chairman Dragomir Stoinev took strong exception to the social policy pursued by the ruling party and the finance minister's unpredictability regarding the existing agreements within the framework of the national three-partite dialogue, BTA reported, quoting a press release issued by the president's office.

The MPs passed the social insurance budget bill on December 8.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.