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

Culinary festival in Kula attracts lovers of dishes with herbs and spices

On today's Midsummer’s Day ( Enyovden ) when according to tradition, herbs picked at sunrise have the greatest healing power, the municipality of Kula and the national community center "Prosveta 1882" invite you to a culinary festival..

published on 6/24/24 11:09 AM

Brendo, who is wanted with European arrest warrant, surrenders to the police

Evelin Banev-Brendo, declared an international wanted man, surrendered to the police this morning, the Ministry of the Interior informed. He disappeared after receiving a six-year effective sentence for money laundering. In..

published on 6/24/24 9:24 AM
Minister Tahov

Minister Georgi Tahov discusses the future of EU agriculture in Luxembourg

Bulgarian Minister of Agriculture and Food, Georgi Tahov, participates today in a meeting of the EU Agriculture and Fisheries Council, which is held in Luxembourg.  The Belgian presidency will invite the Council to endorse a set of..

published on 6/24/24 8:25 AM