Democratic Bulgaria (DB) held a press conference here on Tuesday, at which DB MPs Ivaylo Mirchev and Bozhidar Bozhanov presented their party’s proposal to have the State open a personal account with EUR 1,000 for all babies born after January 1, 2027. The initiative called Future Account proposes that for 60 years, this money will be untouchable and inheritable, and after the 60 years is up, it will be worth a nominal amount of around EUR 300,000. Future Account is expected to cost the State Budget some EUR 50 million a year.
DB is confident that this initiative would be a major investment in the future of Bulgarian children. Relatives will also be able to make additional contributions to the accounts, as well as to decline the EUR 1,000, if the families are wealthy and see fit to do so. The money may also be used before the account owner reaches the age of 60 in cases of urgent need.
The plan is for every parent, as well as the child as they grow up, to have access to a mobile app that will enable them to monitor what happens to the funds, which will be invested in global stock market indices, with an average return of 8 to 10%, said Mirchev. He added that the initiative will be backed by the authority of the Bulgarian National Bank, the Ministry of Finance, and the Ministry of Labour and Social Policy, which will form a sort of board to guarantee the integrity of these funds and ensure that they are invested correctly. Similar ideas have already been implemented or are in the process of being implemented in the US, Greece and Germany, the MPs added.
Mirchev said that Bulgaria should change its current approach to managing its money and its future. This is a cross-party initiative, and consultations with the remaining political parties will soon be underway.
Democratic Bulgaria Proposes EUR 1,000 State Account for Every Baby Born from 2027 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-09-29 11:07:55
Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news. Bulgaria news, Bulgarian news, news from Bulgaria, latest news Bulgaria, breaking news Bulgaria, Bulgaria today, Bulgarian politics, Bulgarian government. Bulgarian economy, Bulgarian business, Bulgarian society, Bulgarian culture, Bulgarian tourism, Bulgarian sports, Bulgarian media, Bulgarian parliament. Sofia news, Plovdiv news, Varna news, Burgas news, Ruse news, Stara Zagora news, Pleven news, Sliven news. Dobrich news, Shumen news, Pernik news, Haskovo news, Yambol news, Pazardzhik news, Blagoevgrad news, Veliko Tarnovo news. Vratsa news, Gabrovo news, Asenovgrad news, Vidin news, Bulgarian local news, Bulgaria current affairs, Bulgaria breaking news, Bulgaria headlines. Balkan news, Southeast Europe news, Bulgarian international news, Bulgaria world news, Bulgarian elections, Bulgaria events, Bulgaria analysis, Bulgaria updates.Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law.
BULGARIA NEWS – NEWS AGENCY 2009–2026 2026-09-29 11:07:55
