Euroins Romania left without license
Romanian financial regulator ASF has revoked the insurance company Euroins Romania's license. It is part of the Euroins Insurance Group and respectively the Bulgarian Eurohold Ltd. Bankruptcy proceedings were opened and the Insurance Guarantee Fund (FGA) was appointed as the company's provisional administrator. The decision comes after Euroins Romania and the local financial regulator came into conflict with contradictory statements.The company assured that all its other businesses and subsidiaries are stable.
In 2021, after City Insurance went bankrupt in Romania, Euroins turned out to be not only the largest player in the insurance segment, but also the largest insurer by premium income in the country.
20% fee increase in state universities
The annual tuition fee at state universities for the academic year 2023/2024 will increase by an average of 20% and will now average BGN 1,050, with an additional BGN 50 for applications.The new fees affect 143,950 students and 4,050 doctoral students in full-time and part-time study. Students in eight professional fields and 18 protected majors are exempt from fees altogether. The professional areas include Teaching Pedagogy, Religion and Theology, Mathematics, Physical Sciences, Chemical Sciences, Chemical Technologies, Energy, Materials and Materials Science.
Meanwhile, the annual tuition fee for doctoral students in public higher education institutions will be an average of BGN 1,300.
Unemployment decreases steadily
Unemployment in Bulgaria continues to decrease, according to data from the National Statistical Institute for 2022. The unemployment rate last year averaged 4.3% (4.5% for men and 4.1% for women), decreasing by 1 percentage point compared to 2021.
There are 3,191 million economically active people aged between 15-64. The total number of employees is 3,150 million, of which 53.3% are men.
In 2022, there were 140.4 thousand unemployed, of which 78.2 thousand (55.7%) were men and 62.2 thousand (44.3%) - women. The relative share of unemployed and non-participating in education and training from the population aged 15 -29 is 15.1%.