Bulgaria's Unemployment Rate Holds Steady at 5.2%
In October, the registered unemployment rate in Bulgaria remained steady at 5.2%, according to the Employment Agency.
Unemployment continued to decline in August, announced the National Employment Agency.
At the end of August, there were 261,525 unemployed registered in labour bureaus. Compared to July, there was a decrease of 6,575 persons. On an annual basis, compared to August 2015, the number of unemployed was significantly lower – a decrease of 45,296.
In August, the unemployment rate reached 8%. There was e decrease of 0.2%, compared to July, 2016 and of 1.3%, compared to August, 2015.
A total of 18,934 job openings have been registered in labour bureaus. The private sector has announced 10,166 or 54% of the total.
Bulgaria is expecting a 5% increase in tourist arrivals this winter season, according to acting Minister of Tourism Evtim Miloshev
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Tourist interest in Christmas and New Year holiday packages is exceptionally high this year
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
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