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

Bulgarian researcher rescued after falling into a crevasse in Antarctica

Nuclear physicist Vasil Gurev fell into a deep ice crevasse during geophysical scientific research on the Contell Glacier in Antarctica, near the Bulgarian Antarctic base "St. Kliment Ohridski". Thanks to the adherence to safety protocols..

published on 2/4/25 8:56 AM

Temperatures will drop

On Tuesday, minimum temperatures will be between minus 3 and 2°C, around minus 2°C in Sofia. During the day, cold air will spread across the country. Clouds will be heavier over southern Bulgaria, with light snow showers in the Rila-Rhodope region and..

published on 2/3/25 7:05 PM

Inspections in aesthetic medicine centers start after incidents with Botox

Minister of Health Silvi Kirilov has ordered a comprehensive analysis of the regulatory framework in the field of aesthetic medicine. E xtraordinary inspections are also beginning throughout the country for unregulated medical services in the field...

published on 2/3/25 6:02 PM