Bulgaria is at the Forefront of Gender Equality Ranking in Labor Law
"The world economy today is $ 160 trillion poorer, because women in the world are still not completely equal with men, which I call one of the most expensive problems mankind faces." With these words, World Bank Chief Executive and World Bank President Kristalina Georgieva launched the forum, where the report "Women, Business and Legislation 2019: A Decade of Reforms" was presented, reports Capital.bg
The report explores data from the past ten years in order to build a better understanding of how women's employment and entrepreneurship are affected by discrimination laid down in legislation in a total of 187 countries. The result of Bulgaria is just over 93 points out of 100 at an average of nearly 75 worldwide.
The data are presented in the context of a specially developed index covering eight indicators - freedom of movement, commencement, pay, marriage, children, entrepreneurship, property management and pension, the idea of the report being to compare the relevant areas of the law with the economic decisions that women take at the different stages of their lives.
According to the 2008 report, by 2017, a total of 275 reforms have been introduced in 131 economies, resulting in an average score of 74.71 points out of a total of 100. This, however, shows an increase of just 4.65 points compared to a decade ago.
The best-performing OECD economies are best represented, followed by the countries of Europe and Central Asia. At the bottom of the list are those from the Middle East and North Africa. The top six economies are entirely European - Belgium, Denmark, France, Latvia, Luxembourg and Sweden, with reforms in the region mainly focusing on women's retirement. The most noticeable improvement was achieved in the Congo - from 25 points in 2008 to 42.5 points today. In the Middle East and North Africa, only 19 reforms have been undertaken, with the region having the lowest score and the average growth of the index for the last decade.
Bulgaria is one of the leading countries in the ranking with a total of 93.75 points. According to the World Bank assessment, this means that in a country there is "an established environment that ensures that person's abilities determine his job and profession." Our country has the full number of points in all eight indicators except one - getting a pension. The retirement age in Bulgaria will only equalize in 2037, which is why Bulgaria has received only 50 points for this indicator, as according to the World Bank the lower length of service of women leads to lower pensions. Bulgaria is also one of the six countries in which all restrictions have been lifted in the last ten years about what jobs women may have.
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