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

Central Election Commission draws the parties' and coalitions' numbers on the ballots for the October 27 elections

The Central Election Commission held a draw to determine the order in which the parties and coalitions will appear on the ballot for the early parliamentary elections on October 27. GERB-SDS will participate in the elections under № 18, the Alliance..

published on 9/25/24 5:24 PM

Ministry of the Interior is working on a register of pedophiles

The Ministry of the Interior is looking for an option for the creation of a National Information System for the prevention and protection of paedophilia and a National Register of cases of paedophilia, for which an interdepartmental..

published on 9/25/24 4:31 PM

Ferry will transport tourists from Istanbul to Burgas

Starting October 11, 2024, a Turkish shipping company will operate a ferry connection between Istanbul and Burgas. It will mainly transport tourists who are in Turkey and want to come on a sea trip to Bulgaria for a day or two, Maria..

published on 9/25/24 4:20 PM