Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Social economy in Bulgaria is in embryonic stage of development

Photo: BGNES

There is a lot of space for development of social economy in the spheres of services and production, Bulgarian Deputy Prime Minister and Minister of Labour and Social Affairs Ivaylo Kalfin said at the opening of the Fifth European Forum on Social Entrepreneurship. According to the minister, social economy was of high importance, but in Bulgaria it formed less than 1% of GDP, while there were countries where it reached 7-8 percent of GDP. Kalfin also explained that this type of economic activity allowed people with disabilities to work and to feel useful. There are a number of such companies and cooperatives in this country that have been working for decades and have plenty of experience, but need support because they have problems with marketing of their high-quality products. That is why the state has allocated some 28 million euros to create a fund that would buy these products and this would lead to investments in social economy, the minister added.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The market will test the state when introducing the euro, said the prime minister

We do not yet have the euro, but the information that we may have it inspires certain market entities, said Prime Minister Rosen Zhelyazkov at the opening of the National Discussion “The Effect of the Eurozone. The Experience of Member States Speaks”...

published on 6/20/25 10:43 AM

Bulgarian citizens now have a regulated right to personal bankruptcy

The Bulgarian Parliament has adopted the Personal Bankruptcy Act, which is an EU requirement for the second payment under the Recovery and Resilience Plan to be implemented. The texts provide that a debtor who fails to service his/her..

published on 6/20/25 9:26 AM

Eurogroup recommends Bulgaria adopt euro from 1 January 2026

The Eurogroup has unanimously recommended that Bulgaria become the 21st member of the eurozone . The countries of the common currency area recommend to the EU Council that this should happen from 1 January next year. The finance ministers of the..

published on 6/20/25 9:19 AM