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Dr. Konstantin Trenchev, Chairman of Bulgaria's Podkrepa union, stated that the unemployment rate in the country will soar this year. Photo by actualno.com
The Chairman of the Podkrepa Labor Confederation, Dr. Konstantin Trenchev, has suggested that the unemployment rate in Bulgaria will be over 10% in the fall.
"Unemployment rates are growing but talking of an unemployment leap is too far-fetched," Trenchev said, cited by Bulgarian daily newspaper Standart.
"I expect that in the fall the unemployment rates will reach over 10%," Trenchev added.
He went on to say that a large number of jobless Bulgarians do not register at the employment agencies and this results in distorted information being fed to the state institutions.
Trenchev concluded by stating that people working in the grey economy can't register and emigrants who return to Bulgaria live on saved money for certain periods of time again distorting government figures.
The unemployment rate in Bulgaria reached 7,02% in April, compared to 6,88% in March.
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Recent data released by the European Statistics Office Eurostat shows that the unemployment landscape in the European Union (EU) remained stable in February, with the unemployment rate holding steady at 6 %
Unemployment in Bulgaria saw a slight uptick in January, with the registered rate climbing by 0.2% compared to December figures. According to data from the Employment Agency, the unemployment rate now stands at 5.8%
According to a report, released by Eurostat, Bulgaria's unemployment rate in December 2023 remained static at 4.3%, a marginal increase from the 4% reported in December 2022
In a significant turn, the unemployment rate across the Eurozone hit a remarkable record low of 6.4% in November 2023, marking a decline from the previous 6.5% in October and notably lower than the 6.7% reported a year earlier in November 2022
The number of unemployed people registered at the labor offices at the end of last month was just under 150,000
The European Commission has approved a Bulgarian state aid scheme in the amount of 77 million euros of state aid for investments in areas with high unemployment in Bulgaria
Over the next 24 hours, expect cloudy skies with rainfall across the eastern half of the country, where precipitation may be intense in some areas. Meanwhile, the western half will see clouds clearing during the day, becoming mostly sunny
In response to the recent deaths of two newborns due to whooping cough, the Ministry of Health in Bulgaria has implemented measures to curb the spread of the disease
Amidst growing discontent among taxi operators across Bulgaria, drivers in major cities like Burgas, Varna, and now Plovdiv are demanding a substantial hike in fares to cope with rising operational costs
Two infants from Kyustendil have tragically lost their lives after contracting whooping cough
Sofia's Lunar Festival of Lights is back, illuminating the city with more than 20 captivating light installations across its most iconic landmarks.
Overnight, rainfall across the country will temporarily cease, with some areas experiencing breaks in the clouds
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