Podcast in English
Text size
Bulgarian National Radio © 2025 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

Illegal migrants and traffickers stand no chance at Bulgarian-Turkish border, Minister Mitov says

A joint contingent of officers from Bulgaria, Austria, Romania and Hungary has begun work that will strengthen the security of Bulgaria's border with Türkiye, which is now external to Schengen . Minister of the Interior of Romania - Cătălin Predoiu,..

published on 2/3/25 5:37 PM

The Vezhen to continue its voyage to South America

Navigation Maritime Bulgare (Navibulgar) has announced that the sulphur-laden Vezhen, released by the Swedish authorities, will stop in Denmark for repairs and then continue its voyage to South America - Uruguay and Argentina - with minor crew changes...

published on 2/3/25 3:48 PM

Government may request extraordinary convergence report after February 17, says PM Zhelyazkov

The government will request an extraordinary convergence report to assess Bulgaria's readiness to join the eurozone. This is what Prime Minister Rosen Zhelyazkov told journalists in Brussels, quoted by BTA.  He confirmed that joining the eurozone..

published on 2/3/25 3:09 PM