One of the two largest trade unions in Bulgaria, CITUB, estimates that the number of unemployed in Bulgaria could reach about 330,000 people by the end of 2020. This represents a rise in unemployment of about 4% annually. From a level of 5.9% at the end of 2019, unemployment will reach about 10% by the end of 2020. CITUB estimates that the additional pressure on the National Social Security Institute's unemployment fund (NSSI) will be two times higher than the government estimates, so an urgent reassessment of the parameters for updating the NSSI budget was needed.
At the backdrop of the complicated situation on the market caused by the epidemic, CITUB starts consultations on labor, insurance and other issues.
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