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

Unemployment is expected to start declining at end of year

Photo: BGNES

Restoration of employment levels is expected to start at the end of the year, Minister of Social Affairs Denitsa Sacheva said at the presentation of the renewed measure for preserving jobs - 60/40.

Speaking to the National Council for Tripartite Cooperation, Minister Sacheva quoted the latest forecast in an update of the state budget that GDP was expected to fall by 3% in 2020. The average year-on-year decline in employment is estimated at 2.1%. According to the Employment Agency, as of June 25, 2020, the registered unemployed were over 277,000 people. On the same date in 2019, there were 170,000 unemployed. As of June 24, “Measure 60/40” saved 155,371 jobs, which cost the state budget over 58.6 million euros.



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

Budget payments for salaries and pensions have grown by more than 18%

"From the beginning of 2025 until now, expenditures on personnel, social and health insurance payments, including pensions, have increased by 18.2% compared to 2024", announced Minister of Finance Temenuzhka Petkova during today’s regular government..

published on 10/8/25 11:13 AM

The authorities will now fine merchants who do not display their prices in both euros and leva

On October 8, the two-month grace period given to merchants to comply with the requirements of the Law on the Introduction of the Euro expires. During this period, they were expected to label the prices of goods and services both in leva and euros...

published on 10/8/25 9:45 AM

Heavy rain causes new localized flooding, but the situation is gradually returning to normal

Torrential rain flooded underpasses in Varna and caused landslides in various regions of the country. In Veliko Tarnovo (Central Bulgaria), the Yantra River has reached 2 meters and 20 centimeters, which is close to the critical level, but there is no..

published on 10/8/25 9:04 AM