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

Daily flights between Sofia and Burgas during the summer starting in July

The national air carrier "Bulgaria Air" resumed its regular flights between Sofia and Burgas, BNR Burgas has reported. Regular daily flights start on July 1 and there will be daily transport until September 8, except on July 3,..

published on 6/23/24 4:25 PM
Toshko Yordanov

ITN: The Green Deal is economic ideology that is harmful

If the third term went to ITN, the party would negotiate for a cabinet with all parliamentary forces. Toshko Yordanov, chairman of the parliamentary group of ITN and vice-chairman of the party, has told BNR.  Commenting on the..

published on 6/23/24 3:42 PM

Motorway from Sofia to border with Greece to be ready by 2030

"Our goal is to have a completed motorway linking Sofia and Kulata in 2030," Stoyan Nikolov, a member of the Management Board of the Road Infrastructure Agency has told bTV. According to him, 12 complaints have been filed against the..

published on 6/23/24 1:21 PM