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Unemployment rates among Bulgaria's university graduates in the last five years have dropped to about 4 percent.
The encouraging statistics, however, are overshadowed by the fact that most of these employees do not occupy positions that require higher education.
Meanwhile, 15 percent of students who work on probation, continue working for the same employer. The data was provided by Bulgaria's Ministry of Education and Science at the Business and Education conference.
Nearly BGN 4B were stipulated in the education budget, which is nearly BGN 13M more in comparison to 2013. Some EUR 600M are expected under the Science and Education 2014-2020 operational program.
Fewer university graduates remain unemployed in recent years, however most of them occupy positions below their education and training level. According to experts, this means that higher education trains more skilled workers than the labor market can employ.
"Some 75% of graduates work on the official Bulgarian labor market. The remaining 25% work in the gray sector or abroad, according to Georgi Stoychev of the Open Society institute.
Currently, 30% of medical students in Bulgaria are foreigners and about a quarter of Bulgarian graduates never work on the local labor market, meaning that half of medicine students in Bulgaria will soon work abroad, Stoychev added.
A 25-year-old man faces serious criminal charges in Plovdiv following an investigation by the Plovdiv District Prosecutor’s Office.
One of the oldest local non-governmental organizations, the UN Association of Bulgaria (UNAB), is organizing a simulation model of the European Parliament in Sofia.
Bulgaria’s Parliament has approved changes to the Law on Lending to Students and Doctoral Students, reducing the interest rate on student loans from 7% to 3%
In Plovdiv, students at Tsar Simeon the Great Secondary School are learning about the euro and how to handle money ahead of Bulgaria’s entry into the eurozone
8 December marks one of the most enduring and festive traditions among young Bulgarians - the official Students’ Day
At least 50 of the more than 300 students abducted from a Catholic school in Nigeria have managed to escape
Acting Education Minister Sergey Ignatov said that his recent visit to Kyiv came at a critical moment, stressing that it could not be delayed. According to him, the signing of a protocol with his Ukrainian counterpart was decisive for the future of the Bu
Acting Education Minister Prof. Sergey Ignatov stated during a briefing at the Council of Ministers that a significant part of Bulgaria’s intellectual and revolutionary elite historically studied at the Bolgrad High School in the Odesa Oblast
Bulgaria is preparing steps to introduce the Ukrainian language into its school system as part of foreign language education, alongside broader plans to expand educational cooperation with Ukraine
The Bulgarian government has proposed changes that would increase student tuition and application fees starting from the 2026/2027 academic year, according to a draft decision released for public consultation
Interest among Bulgarian high school graduates in pursuing higher education abroad continues to grow, reflecting both the ongoing digital transformation of the economy and expectations for major changes in the future labor market
Sofia Municipality has proposed changes to the rules governing admission to nurseries and kindergartens in the Bulgarian capital
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
