200,000 Workers Needed for Bulgaria’s Black Sea Coast as Labor Crisis Deepens
The Black Sea region in Bulgaria is facing a serious labor shortage ahead of the summer season
With a large and long-running emigration wave, Bulgaria is 127th in the world by brain drain, according to the World Economic Forum, WEF.
The data comes from the WEF Competitiveness report, including a total of 142 countries, with the last spot taken by the country with the most brain drain.
Bulgaria is right behind Bosnia and Herzegovina, while Albania, which traditionally has high emigration numbers, is 83rd.
Neighboring Greece, despite the suffocating debt crisis for several years now, is ahead of Bulgaria and ranks 119.
From the other Balkan countries, Croatia, Romania, Macedonia and Serbia are respectively 128, 131, 133, and 199.
Bulgaria, however, has moved 7 spots ahead in the education and qualifications ranking – from 70 to 63. The country has good indicators for the percentage of people with college degrees, internet access at schools, and mathematics curriculum. The negative assessments include the overall quality of the education system, school management, and training of staff.
In 2024, nearly 36,000 foreign workers from 79 countries have been granted permission to work in Bulgaria
Professor Steve Hanke, who established Bulgaria’s currency board, emphasized that the country should maintain the current system, as it continues to work effectively
In 2024, labor inspectors in Bulgaria carried out a total of 6,682 inspections in the construction sector, representing 13% of the overall 49,858 inspections conducted across all industries
According to a study presented to MPs by Prof. Emilia Chengelova, from the Institute of Philosophy and Sociology at the Bulgarian Academy of Sciences, the shadow (grey/informal) economy in Bulgaria remains high at 33%
A recent survey by digital payments company Visa reveals that most Bulgarians planning a winter vacation prefer to pay digitally at ski resorts
the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property
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