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

USA invests 240,000 dollars in art and culture center in Varna

The US is investing $240,000 in the ReBonkers Cultural Center in Varna through the Ambassadors Fund for Cultural Preservation (AFCP), the US Embassy in Sofia reported. Varna is the largest beneficiary of an AFCP project in Europe this..

published on 9/25/24 3:20 PM

Companies from 25 countries take part in 78th International Technical Fair in Plovdiv

The 78th Plovdiv International Technical Fair was opened in Bulgaria’s second largest city. 231 companies - direct producers and sales representatives from 25 countries, are participating in the forum, which will last until September..

published on 9/25/24 2:40 PM

National interdepartmental unit to oversee the fair conduct of elections

Prosecutor General Borislav Sarafov, caretaker Interior Minister Atanas Ilkov and SANS chair Plamen Tonchev signed a joint order to create a national interdepartmental unit for the parliamentary elections on October 27, the..

published on 9/25/24 1:16 PM