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

Unemployment will reach 10 percent by end of 2020, trade unions say

Photo: BGNES

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.




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

Bulgaria has a palette of advantages, little known to Japanese companies

A Japan-Bulgaria business forum on the topic of "Infrastructure, Energy and Digitalization" was held in Sofia. "Bulgaria has a whole palette of advantages. However, they are little known in Japan. Our task is to provide much clearer..

published on 6/25/25 2:34 PM

Checks reveal drastic price increases in some retail outlets

During joint inspections by the National Revenue Agency, the Commission for Protection of Competition and the Commission for Consumer Protection, price increases of between 5 and 83% were found. The chair of the Commission for..

published on 6/25/25 1:20 PM

Bulgaria is hosting the Best Warrior International Military Competition

The inaugural International Military Competition, 'Best Warrior', is set to take place on 25 and 26 June 2025 at the Vasil Levski National Military University in Veliko Tarnovo . The tournament is organised by the Ministry of Defence, the Defence Staff..

published on 6/25/25 7:35 AM