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

Delyan Peevski

DPS-New Beginning now has only one leader, and that’s me, Delyan Peevski says

“The Movement for Rights and Freedoms-New Beginning now has only one leader, and that’s me,” Movement for Rights and Freedoms-New Beginning (DPS) chairman Delyan Peevski told reporters after a meeting of the central council of the political..

published on 11/16/24 5:36 PM
Vazrazhdane leader Kostadin Kostadinov

Vazrazhdane initiates negotiations for the formation of a cabinet without GERB, DPS and APS

Vazrazhdane party is beginning negotiations on the formation of a government without the participation of GERB, the Movement for Rights and Freedoms-New Beginning (DPS) and Alliance for Rights and Freedoms (APS). The party, with leader Kistadin..

published on 11/16/24 4:14 PM
Rumen Radev

Rumen Radev: We need joint efforts for coping with the climate challenges

The catastrophic natural disasters we are witnessing are an unfortunate reminder that the world has to adapt to the changing climate, said Bulgarian President Rumen Radev in an interview with the economic magazine Caspian Energy, cited by the..

published on 11/16/24 12:01 PM