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

Social economy in Bulgaria is in embryonic stage of development

Photo: BGNES

There is a lot of space for development of social economy in the spheres of services and production, Bulgarian Deputy Prime Minister and Minister of Labour and Social Affairs Ivaylo Kalfin said at the opening of the Fifth European Forum on Social Entrepreneurship. According to the minister, social economy was of high importance, but in Bulgaria it formed less than 1% of GDP, while there were countries where it reached 7-8 percent of GDP. Kalfin also explained that this type of economic activity allowed people with disabilities to work and to feel useful. There are a number of such companies and cooperatives in this country that have been working for decades and have plenty of experience, but need support because they have problems with marketing of their high-quality products. That is why the state has allocated some 28 million euros to create a fund that would buy these products and this would lead to investments in social economy, the minister added.



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

Foreign Minister Georg Georgiev

Victims of the communist regime honoured on remembrance day

Cabinet members, public figures and members of the public honoured the memory of the innocent victims of the communist regime in the country following the communist coup in Bulgaria on 9 September, 1944. February 1, Day of Remembrance and..

published on 2/1/25 4:25 PM

Bulgarian fighter pilots to undergo training for F-16 Block 70 aircraft

Bulgaria received the first F-16 Block 70 aircraft at the Lockheed Martin production facility in Greenville, USA. With this act the country’s strategic partnership with the US in the sphere of defence continues its upward development, said PM Rosen..

published on 2/1/25 1:29 PM

57% of Bulgarians are against the adoption of the euro in principle, 39% are for: survey

25.7% of Bulgarians support the adoption of the euro as of 1 January, 2026, and 30.8% accept it as an indispensable condition of the country’s membership of the EU but want it to happen later. According to a survey by Myara sociological agency, in..

published on 2/1/25 1:04 PM