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Bulgaria's Labor Minister Mladenov has stressed the fac that 5 200 jobs for highly qualified workers could not be filled in October due to skiller labor shortage. Photo by BGNES
Bulgaria is an abnormal situation in which the unemployment is rising while the business sector is creating jobs but cannot find the skilled workers needed.
This was stated Thursday in the town of Sevlievo by Bulgaria’s Labor Minister, Totyu Mladenov.
“It is not normal to have an unemployment rate of over 8%, i.e. 300 000 unemployed, and to witness how the private sector is unable to find qualified laborers,” Mladenov said reiterating his statements from Tuesday when he met with the Confederation of Employers and Industrialists in Bulgaria.
In his words, Bulgaria’s private sector creates about 10-12 000 jobs every month but many of the vacancies cannot be filled because of a shortage of qualified laborers. Some 5 200 positions for skilled labor in the fields of the processing and extracting industry, health care and education remained unoccupied in October 2009.
“Bulgarians must understand that because of the dynamics of the global economy their only opportunity to have a chance of the labor market, and to receive higher pay is the constant qualification and re-qualification,” Mladenov declared.
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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 %
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
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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
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