“Bulgaria has solid financial buffers and mechanisms and I am moderately optimistic about our exiting the crisis,” Plamen Dimitrov, leader of the Confederation of Independent Trade Unions in Bulgaria (CITUB) said for the Bulgarian National Radio.
He added that the CITUB’s forecasts of a level of unemployment of almost 10% in the country by the end of the year are corroborated by an analysis by the biggest Bulgarian bank, according to which unemployment will stand at 9%. According to the bank an 8% drop in the GDP is to be expected, as opposed to the 3% set down in the budget. But even if this more negative scenario were to be played out, the reserves Bulgaria has will help it cope. The problems highlighted by Plamen Dimitrov are lack of flexibility in the availability of unemployment benefits, as well as the minimum amount of unemployment benefits – BGN 9 /EUR 4.6/ a day, which is what the unemployed in the tourist and restaurant industry are receiving.
With a majority of 197 votes and eight “abstentions”, the MPs accepted the resignation of the former co-chairman of “We Continue the Change” Kiril Petkov as an MP. He took political responsibility for the corruption scandal in..
The authorities in Burgas are introducing a 35-kilometer security zone in the waters of the Burgas Bay, where waiting tankers will not be allowed, BTA reported. The measure is in response to growing public discontent over the strong..
Bulgarian short animated film “The Artist’s Daughter” will be presented today in Tokyo as part of the EU Film Days, BTA reports. The animation is part of the festival program in the “Memory and History” section. “The Artist’s..
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important..
A new lane for heavy trucks over 12 tons will be opened at the Danube Bridge in Ruse, announced Ruse Regional Governor Dragomir Draganov. The initiative..
On July 7, the Bulgarian National Bank (BNB) puts into circulation a silver commemorative coin titled "175 Years Since the Birth of Ivan Vazov", BNB..
+359 2 9336 661