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The actual unemployment rate in Bulgaria is exceptionally high, over 17-18% of the active population, according to Dimitar Brankov, Deputy Chair of the Bulgarian Industrial Association (BIA).
In a Friday interview for the BGNES news agency, Brankov commented that the unemployment rate had dropped in the period 2004-2008 due to the investment credit boom in construction and other sectors.
"However, once that investment boom was over, our economy and employment returned to their previous rates," he noted.
Brankov argued that this pointed to structural problems which had not been caused by the economic crisis but by the economic structure, and the laws and regulations applying to businesses.
The BIA Deputy Chair insisted that the moment was important in the long perspective because of the need to adopt a well-focused National Program for development "Bulgaria 2020 and the new 2014-2020 budget framework of the EU.
Brankov claimed that the creation of a National Program for development "Bulgaria 2020" required nationwide consensus among political parties, including ones which were yet to enter Parliament, expert consensus, and consensus among the interested parties, syndicates, employers, etc.
"This is why a prolonged government crisis after the elections will not be a fortunate turn of events," he added, commenting on the aftermath of the forthcoming 2013 parliamentary elections.
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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
The European Commission has approved a Bulgarian state aid scheme in the amount of 77 million euros of state aid for investments in areas with high unemployment in Bulgaria
Over the next 24 hours, a cold front will move across the country, bringing mostly cloudy skies and widespread rain
As Bulgaria grapples with a surge in whooping cough cases, Public Health experts offer insights into the situation, assuring the public about the severity of symptoms and emphasizing the importance of vaccination
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In a significant update to Bulgaria's identification system, the issuance of new ID cards will come with a higher price tag of BGN 30, compared to the current fee of BGN 18
Beginning May 7, commuters in Sofia can look forward to improved public transit services with the introduction of modern low-floor trams on line 6 and enhanced frequency on line 8
Sofia, the capital city of Bulgaria, faces a mounting challenge with abandoned vehicles cluttering its streets, as reported by the Metropolitan Inspectorate
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