Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Sofia best city in Europe to retire to: Moneypenny survey

Photo: BGNES

Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes.

The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of amenities. “Moneypenny compared the 50 most populated European Union cities to come up with the ranking. Factors taken into account include retirement age, average rent cost, amount of free space, healthcare access, number of fitness clubs, number of cafes and number of golf courses,” Forbes writes. “Sofia, Bulgaria, ranks in first place as the best city to retire in Europe. The average retirement age in Sofia is lower than the other cities included in the ranking, with men typically retiring at 64, and women at 62. The city is a particularly great option for retirees looking to make their savings stretch further, with the minimum retirement savings needed to live comfortably being EUR 148,590 with other cities in the ranking requiring double the amount if not more.”

Second comes Budapest, followed by Zagreb, Bucharest and Rome. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria takes on new debt of 3 billion euros and 1.5 billion dollars

Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely..

published on 8/29/24 6:30 PM
Krassen Stanchev

Despite the political crisis in the country, the economy is developing steadily, Krassen Stanchev says

The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..

published on 8/22/24 11:22 AM

Bulgarian government approves a €120m solar panel project with Smart Solar Technologies AD

The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant."  This project will be..

published on 8/21/24 2:40 PM