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

Local elections are held in several places in Bulgaria

Local elections for mayors and municipal councilors are being held today in several villages in Bulgaria in the municipalities of Haskovo, Blagoevgrad, Kyustendil, Suhindol, Pernik, etc. In the village of Batoshevo near Sevlievo, a..

published on 6/23/24 10:00 AM

Weather forecast: Sunny and hot Sunday, temperatures hit 39° C.

During the night the weather will be predominantly clear over most of the country. On Sunday, 23 June, the weather will be predominantly sunny and hot with a temporary increase of clouds in the afternoon over the mountain regions of Western..

published on 6/22/24 6:10 PM

Investigation of death of an English patient after attack by security guards

The prosecutor’s office in Plovdiv is investigating the death of an English patient, who died at the University Hospital St. George a few days ago after being attacked by security guards . The hospital is conducting an internal inspection of the..

published on 6/22/24 5:03 PM