Bulgaria Unemployment Rate Grows to 7,62% in July

Business | August 9, 2009, Sunday // 10:52
Bulgaria: Bulgaria Unemployment Rate Grows to 7,62% in July Mladenov (middle) with his two deputies, Popov and Simeonova; a third Deputy Minister will be added to his team. Photo by BGNES

Bulgaria's unemployment rate has grown to reach 7,62%, the Labor Minister Totyu Mladenov announced Sunday.

Mladenov explained the rise of the unemployment started in December 2008 with 232 000 unemployed, to reach 240 000 in January, 247 000 in February, 254 000 in March, and 270 000 in June 2009.

The Minister told the Bulgarian National Radio that his predecessor had adopted inefficient measures involving excessive spending. In order to reduce the spending, the Ministry was going to consult the employers' and the trade unions within the restored council for tri-partite cooperation.

 

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Tags: unemployment, unemployment rate, Totyu Mladenov, Labor Minister, Council for Tripartite Cooperation
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