Podcast in English
Text size
Bulgarian National Radio © 2025 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

China bans imports of animals and animal products from several countries, including Bulgaria

China has banned the import of sheep, goats, poultry and equines from African, Asian and European countries.    The ban from the world's largest meat importer affects Ghana, Somalia, Qatar, Congo, Nigeria and Tanzania, Egypt, Palestine, Pakistan,..

published on 1/27/25 10:41 AM

Bulgaria is among the leading countries in the world in coin exports, including to the USA

Bulgarian exports to the USA in 2023 are worth 1.1 billion dollars, and number 1 on the export list with a share of nearly 19 percent are "coins that do not have an official exchange rate, other than gold coins" . This was reported by the Sega website..

published on 1/27/25 10:23 AM

Greeks and Romanians shop in Bulgaria on mass scale after the Schengen entry

The benefits for Bulgaria from full entry into Schengen are estimated at over 800 million euros per year. The largest benefits will be for manufacturers and exporters. But while this macroeconomic effect is awaited, the benefits are already being felt..

published on 1/27/25 8:55 AM