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

Zlatograd hosts the 8th edition of the Sugar Assembly "My Bulgaria"

On June 15 and 16 the town of Zlatograd hosts the 8th edition of the Sugar Assembly "My Bulgaria". There will be a national meeting of Bulgarian confectioners and decorators. An exhibition entitled "Art from Sugar: Zlatograd Sugar Etudes" will..

published on 6/15/24 6:05 AM

Clouds clear and rain stops

By midnight, the rain will stop, the clouds will break and in the morning the sky will be mostly clear across the country. The moderate northwesterly wind will decrease. On Saturday 15 June, the weather will be mostly sunny . In the morning hours,..

published on 6/14/24 7:05 PM
Atanas Zapryanov

The caretaker government is working on the next aid package for Ukraine

The caretaker government is working on the next aid package for Ukraine, caretaker Minister of Defense Atanas Zapryanov told BNR after the end of a meeting of NATO defense ministers . Asked to comment on the words of President Rumen Radev, who..

published on 6/14/24 6:04 PM