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BICA pushes for easier labour import and faster increase in retirement age

published on 10/10/23 4:39 PM

Photo: EPA/BGNES

The Bulgarian Industrial Capital Association (BICA) insists on reforming the pension system and accelerating the rate of increase of the retirement age for men and women, as well as easing the administrative procedures for importing labour from third countries. The employers' recommendation is in connection with the forthcoming presentation of Bulgaria's draft budget for 2024.

Labour shortages for industry are the main deterrent to accelerated GDP growth, as is the lack of skilled workers. Bulgaria continues to rank last in the EU in terms of participation in lifelong learning activities involving vocational qualifications, with an EU average of 11.3% and a national average of only 2%. Those with at least basic skills in digital technologies are only 31%, compared to 54% in the EU, the association said.

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Radio Bulgaria Economy BICA budget 2024 pension system reforms The Bulgarian Industrial Capital Association