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

Sunny 24 May, with occasional showers and thunderstorms

Clouds will break and decrease overnight, except in eastern Bulgaria. Light to moderate winds will blow from west-northwest.  On Friday, 24 May, the weather will be mostly sunny before noon . Cumulus clouds will cover the skies over mountainous..

published on 5/23/24 7:05 PM
Gordana Siljanovska (L) and Rumen Radev (R)

Rumen Radev: North Macedonia should indicate its desire to be part of united Europe

''My message to the President of the Republic of North Macedonia is that Bulgaria expects a prompt change of rhetoric and an end to hate speech", President Rumen Radev told journalists in Rome. "The Republic of North Macedonia must demonstrate that..

published on 5/23/24 6:06 PM

A protest against the lawlessness on the roads held in Sofia

The association "Angels on the Road", uniting families who lost their loved ones in road traffic accidents, held a motorcade and a pedestrian march in Sofia under the slogan "STOP lawlessness on the roads". They were supported by a number of NGOs...

published on 5/23/24 5:08 PM