One out of 6.5 million Bulgarians are inactive

Specific regional policies needed to address employment and economic activity imbalances

published on 5/20/24 3:08 PM

Photo: BTA

Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study "Job Multipliers in Bulgaria", which was presented to the Council of Ministers today.

According to the Employment Agency, more than 1 million people in Bulgaria (with a population of less than 6.5 million) are inactive, neither working nor studying. The distribution of employment is uneven, with more than half of Bulgaria's municipalities reporting employment rates around or below 50%, according to the BTA.

The study finds that small municipalities need better funding for entrepreneurial activity and better integration. In addition, investment in transport connections at the district level is crucial.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy council for economic analysis economy imbalances regional unemployment

More from category

Which currencies will be most sought after by Bulgarians in 2024?

The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..

published on 1/2/25 3:08 PM

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM