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Bulgaria Outgoing Labor Minister Forecasts 8% Unemployment
Business | July 15, 2009, Wednesday // 12:36
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Outgoing Labor Minister, Emilya Maslarova. Photo by BGNES
The annual unemployment rate in Bulgaria will pass the 8% mark, outgoing Labor Minister, Emilya Maslarova, said Wednesday.
Maslarova held a briefing to give account of the Ministry's work.
The unemployment rate in June has been around 7,29%, according to the Labor Ministry data.
Maslarova said that by June 30, 45% of the Ministry's planned budget has been spent, adding in 2005 the Ministry had 10 142 employees, now down to 8 282 which is a reduction of over 18%.
The Ministry has 387 job openings, but hiring has been frozen over the need of cutbacks.
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