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The loosening of anti-epidemic measures will not directly affect employment and the unemployment will continue to rise for at least two more months, the Bulgarian Chamber of Commerce predicts. More significant involvement of people is only expected at the end of the year.
"The readiness and opening of establishments is not equal to the same rapid consumption of these services, because many people are currently recalculating their own economic behavior. "
And those who lost their jobs in the past month and a half should not expect to return to their jobs immediately.
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Recent data released by the European Statistics Office Eurostat shows that the unemployment landscape in the European Union (EU) remained stable in February, with the unemployment rate holding steady at 6 %
During the night, the cloudiness will be broken. After midnight, in some areas, mainly in the valleys and lowlands of Southern Bulgaria, fog will form
Unemployment in Bulgaria saw a slight uptick in January, with the registered rate climbing by 0.2% compared to December figures. According to data from the Employment Agency, the unemployment rate now stands at 5.8%
According to a report, released by Eurostat, Bulgaria's unemployment rate in December 2023 remained static at 4.3%, a marginal increase from the 4% reported in December 2022
In a significant turn, the unemployment rate across the Eurozone hit a remarkable record low of 6.4% in November 2023, marking a decline from the previous 6.5% in October and notably lower than the 6.7% reported a year earlier in November 2022
The number of unemployed people registered at the labor offices at the end of last month was just under 150,000
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts
Recent data from the German Tourist Board show a discernible trend, indicating an increased interest among Bulgarians in visiting Germany
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
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