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

Rumen Radev about Lukoil: Legislative changes, revoking the existing protective measures were pushed through at lightning speed

“The excuses of the ruling coalition that they are waiting for the promulgation of the amendments to the Act on the Administrative Regulation of Economic Activities Related to Oil and Petroleum Products they themselves voted, in order to protect..

published on 11/12/25 10:18 AM

European Commission: Bulgaria is among the EU countries at risk of migratory pressure

Bulgaria was officially designated among the EU countries at risk of migratory pressure, BNR’s correspondent in Brussels Anguelina Piskova reports, citing the European Commission’s first European Annual Asylum and Migration Report. The document is..

published on 11/12/25 9:24 AM

President Radev returns Defence and Armed Forces Act amendments for further deliberation in parliament

President Rumen Radev has vetoed some of the amendments to the Defence and Armed Forces Act of the Republic of Bulgaria adopted on 30 October this year, the presidential press service has announced. In his motives the president points out that..

published on 11/12/25 8:58 AM