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

Bulgarian Industrial Association: Demand for work force will only restore at end of 2020

Radosvet Radev, president of the Bulgarian Industrial Association
Photo: BGNES

The loosening of the measures against the spread of Covid-19 in Bulgaria will not directly affect employment levels. Unemployment will continue to rise for at least another 2 months, officials from the Bulgarian Industrial Association (BIA) predict. Hiring new personnel can only be expected to happen at the end of 2020. 

BIA President Radosvet Radev is not optimistic about the country's economic recovery because of the many conditions to businesses, the need for significant investment and the expected shrinkage in consumption.
Probably, the economic recovery will begin in the autumn, Radosvet Radev predicts. In the summer, most businesses, including our Western partners, are in an August vacation mode and almost do not operate. My feeling is that companies will start recruiting new workers in the 4th quarter of the year, Radev believes.



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

SOS Children's Villages Bulgaria mark 35 years

35 years have passed since the establishment of the Association "SOS Children's Villages Bulgaria" .  On this occasion, President Rumen Radev will visit the village of Dren , Radomir Municipality, where he will participate in the celebration of..

published on 6/23/25 11:51 AM
Agriculture Minister Georgi Tahov

Bulgarian Agriculture Minister is in Luxembourg for a meeting of the EU Council on Agriculture and Fisheries

Today and tomorrow, Bulgaria's Minister of Agriculture and Food Georgi Tahov will take part in a meeting of the European Union Council on Agriculture and Fisheries, which will be held in Luxembourg, BTA reported. The Council is scheduled to hold..

published on 6/23/25 10:32 AM

Bulgaria is monitoring the situation in the Middle East with concern

At the moment, there is no immediate threat to Bulgaria, against the backdrop of the growing military conflict between Israel and Iran . The Bulgarian government expresses concern about the growing tension in the region and the potential risks to..

published on 6/23/25 9:46 AM