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

Bulgarian Industrial Association: Demand for work force will only restore at end of 2020

Radosvet Radev, president of the Bulgarian Industrial Association
Photo: BGNES

The loosening of the measures against the spread of Covid-19 in Bulgaria will not directly affect employment levels. Unemployment will continue to rise for at least another 2 months, officials from the Bulgarian Industrial Association (BIA) predict. Hiring new personnel can only be expected to happen at the end of 2020. 

BIA President Radosvet Radev is not optimistic about the country's economic recovery because of the many conditions to businesses, the need for significant investment and the expected shrinkage in consumption.
Probably, the economic recovery will begin in the autumn, Radosvet Radev predicts. In the summer, most businesses, including our Western partners, are in an August vacation mode and almost do not operate. My feeling is that companies will start recruiting new workers in the 4th quarter of the year, Radev believes.



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

Bulgarian Ambassador to Washington Georgi Panayotov and Prof. Klincharova

Prof. Klincharova donates her records to the US Library of Congress

Bulgarian harpist Prof. Suzanna Klincharova will donate all her works to the US Library of Congress, which makes her the first Bulgarian musician to make such a donation, the Bulgarian Embassy in Washington announced on Facebook. In..

published on 5/13/24 12:22 PM
Caretaker Minister of Tourism Miloshev

More flights to Burgas could boost year-round Black Sea tourism

My expectations for the summer season are very good, caretaker Minister of Tourism Evtim Miloshev told Nova TV. He said that the bridge Tsarevo - Ahtopol has been restored and the bridge between Tsarevo and Vasiliko will be used..

published on 5/13/24 11:35 AM

Houthis let Red Cross team visit the crew of hijacked Galaxy Leader

A delegation of the International Committee of the Red Cross visited the crew of the cargo ship "Galaxy Leader", hijacked by the Yemeni Houthis on May 12, the Xinhua agency reported, quoted by BTA.  There are two Bulgarians among the..

published on 5/13/24 11:18 AM