Bulgaria's Hotel Sector Faces Workforce Shortages and High Taxes Ahead of 2025 Season
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce
The newly registered unemployed exceeded 300,000 people - according to the latest data from the specialized weekly monitoring of the labor market due to COVID-19 of the National Statistical Institute and the Employment Agency.
The data are for the period from February 3 to the present.
Simultaneously, just over 193,000 people came to work through employment offices.
The analysis of the specialized labor market survey shows that since August 17, the newly registered unemployed across the country have a significant advantage over those in employment, and this is especially clear in the last week of monitoring from 5 to 11 October, when in labor offices 9,900 people are registered and only 6,500 have made a living.
The most drastic difference is in the district of Burgas, where 1,200 are newly registered unemployed against only 250 started work, and the district of Varna, respectively 940 against 270 people.
Social experts explain the trend of rising unemployment in recent weeks, especially in maritime areas, with the exhaustion of the positive effect of seasonal employment in the summer - especially in the hotel and restaurant industry.
Bulgarian garment companies are struggling to find new markets due to the recent increase in tariffs on industrial goods under Donald Trump’s administration
Tourism in Bulgaria has made significant strides toward recovery in 2024, though it still hasn't returned to pre-pandemic levels of 2019
Many home buyers in Bulgaria are increasingly favoring newly built properties
Cryptocurrency has become a significant part of the financial world, but as it grows, so do the questions about Know Your Customer (KYC) requirements.
In February, Bulgaria recorded the highest annual growth in construction output among EU member states
The National Real Estate Association has raised concerns regarding the proposed Bill on Real Estate Brokers
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase