Bulgaria: Newly Registered Unemployed Are Increasing Sharply
The National Statistical Institute reported a sharp increase in the newly registered unemployed in the first week of December - over 14,200 people.
Every fourth Bulgarian who has a university degree, works abroad, shows a survey of the Bulgarian Industrial Association (BIA).
“Bulgaria behaves like a rich country, which exports highly qualified employees abroad,” said Tomcho Tomov of BIA. “At the same time a large number of young adults don't work and receive support from their parents who work abroad.”
According to Tomov, around 40% of the unemployed young adults are “hereditary unemployed”, which means that their parents don't have jobs either.
The BIA survey found that 70% of the university graduates start work in the commercial, processing or service sectors. The most sought position in the service sector is “security guard”.
According to BIA, a systematic study of what kind of workers the business needs, is required, as well as how often the employees need qualification courses.
“We have found that the “life cycle” of IT competences is around four years, for engineering – seven years and for finance – nine years,” Tomov said.
“People have no jobs, but at the same time there are no people for the jobs,” he added. “Only 30% of the university graduates work at a position, requiring their degree. There is a paradox – the education system does not prepare employees, but unemployed.”
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022