Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Unemployment is expected to start declining at end of year

Photo: BGNES

Restoration of employment levels is expected to start at the end of the year, Minister of Social Affairs Denitsa Sacheva said at the presentation of the renewed measure for preserving jobs - 60/40.

Speaking to the National Council for Tripartite Cooperation, Minister Sacheva quoted the latest forecast in an update of the state budget that GDP was expected to fall by 3% in 2020. The average year-on-year decline in employment is estimated at 2.1%. According to the Employment Agency, as of June 25, 2020, the registered unemployed were over 277,000 people. On the same date in 2019, there were 170,000 unemployed. As of June 24, “Measure 60/40” saved 155,371 jobs, which cost the state budget over 58.6 million euros.



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

A guarantee fund will protect the interests of tourists in the event of a tour operator's bankruptcy

The Ministry of Tourism has published for public discussion a draft for amendments to the Tourism Act, which introduce various protections for tourists on organized trips in the event of a tour operator's bankruptcy. The measures also include those..

published on 8/6/24 4:48 PM

The National Assembly Defence Committee greenlights the acquisition of the German IRIS-T SLM air defense system

The National Assembly Defence Committee has given the green light for acquiring the German IRIS-T SLM air defense missile system. The bill was adopted at first reading. 10 MPs voted in favour and 3 MPs abstained.  Bulgaria intends to purchase one..

published on 8/6/24 3:26 PM

Traditional swim of Danube at Silistra to be held on August 10

The traditional swim across the Danube River near Silistra will take place at 9:00 am on August 10. Those wishing to participate can register just before the start but must undergo a medical examination and instructions . Dozens of swimmers take part..

published on 8/6/24 2:37 PM