Bulgaria Reports Record Low Unemployment Amid EU Job Vacancy Decline
At the start of summer 2024, Bulgaria has reported record low unemployment levels
Two-thirds of the unemployed persons in Bulgaria are illiterate which makes it virtually impossible for them to find employment, according to Bulgarian Labor Minister Totyu Mladenov.
"The main reason for those being permanently unemployed is their low qualification and lack of education," Mladenov told Parliament Friday saying that 69% of the unemployed are illiterate, while 64% of them have only elementary education.
Mladenov said the unemployment rate in Bulgaria in March was 9.52%, down from 9.78% in January and February. He expects a further decline of the unemployment rate in the next six months.
The minister was severely criticized by the Bulgarian Socialist Party for the reduction of the amount of money poured into social and employment programs.
Mladenov retorted that BGN 64 M are slated for state employment programs in 2011 providing subsidized jobs for 8 500 people.
He told his predecessor – Socialist Emiliya Maslarova who is currently facing trial for abusing state funds in 2005-2009 – actually much more money are being invested in employment measures by the present Cabinet.
Plovdiv Airport has announced the resumption of direct flights to Manchester
Bulgaria's Deputy Prime Minister and Finance Minister, Lyudmila Petkova, confirmed that the draft budget for 2025 will target a deficit of no more than 3% of the country’s GDP
According to a World Bank report, Bulgaria has been recognized as one of the leading countries for business operations
Sofia's Mayor Vasil Terziev reassured residents that there are no risks for the upcoming heating season after a meeting with Energy Minister Vladimir Malinov
Retail chains in Bulgaria are actively preparing for the transition from the Bulgarian leva to the euro
The Bulgarian government has approved an additional allocation of 200 million leva (100 million euros) to the State Fund "Agriculture" for "Ukrainian aid" to farmers in 2024
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023