Bulgarian Parliament Grants Sweeping Powers to Future Lukoil Special Manager
Bulgaria’s National Assembly voted overwhelmingly in favor of granting sweeping powers to the future special manager of Lukoil Neftochim Burgas
Bulgaria is still facing a shortage of IT specialists. Photo by BGNES
The Bulgarian labor market faces a shortage of high-skilled managers, and still has a shortage of IT specialists.
This observation was shared by the Managing Director of Manpower Bulgaria, Nadia Vassileva, in an interview for Novinite.com.
Vassileva has expressed her hopes that the Bulgarian labor market would pick up by the end of 2009, and the companies would start to rehire the employees they laid off over the crisis.
According to Vassileva, the real peril for the Bulgarian economy lies elsewhere, and the government urgently has to come up with measures to boost the country's birth rate, to include marginalized groups in the mainstream labor forces, and to modernize the labor legislation in order to save the imperiled Bulgarian labor market.
Vassileva did point out, however, that the Bulgarian laborers were rather competitive, one of their main advantages being their ability to combine various assignments, and to do multi-task jobs.
Financier Levon Hampartzumyan has forecast a gradual rise in loan interest rates in Bulgaria, noting that current levels are historically very low and cannot be sustained indefinitely.
The withdrawal of lev banknotes and coins is continuing in line with the approved schedule, although the pace of the process is expected to ease in the coming period
Bulgaria has officially launched the 2026 tax campaign for income earned in 2025, and early results show strong public engagement.
The latest data from the Bulgarian National Bank reveal a striking growth in large household deposits by the end of December 2025.
Bulgaria’s economy continued to show steady momentum throughout 2025, placing the country among the fastest-growing economies in the European Union, according to data presented by the Ministry of Economy and Industry
Revenue from overnight stays in Bulgaria continued to rise at a solid pace at the end of 2025, with hotel income in December increasing by 12.5 percent on an annual basis
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