Newsletter Database

203 articles found.
Many young Bulgarians graduating from secondary school do not want to work in industry, but prefe... [more]

Many young Bulgarians graduating from secondary school do not want to work in industry, but prefer to work in the service sector. These are the results of a PISA survey conducted for the Organization for Economic Cooperation and Development (OECD). Massive changes in the labour market and the emergence of new professions have made virtually no impression on young people in Bulgaria.

Read on: in English ...

[close]
In 2019, 216,256 jobless people found employment through job centres. Since the beginning of 2019... [more]

In 2019, 216,256 jobless people found employment through job centres. Since the beginning of 2019, 24,412 youths under 29 have found employment, as well as 24,398 long-term unemployed people, 43,975 who were jobless and over 55, 13,954 disabled people and 58,782 unskilled job applicants.

Read on: in English ...

[close]
In the third quarter of 2019, total hourly labour costs paid by employers in Bulgaria increased b... [more]

In the third quarter of 2019, total hourly labour costs paid by employers in Bulgaria increased by 10% compared with the third quarter of 2018, according to early estimates published by the National Statistical Institute. A breakdown by economic activity shows that the highest rise in total hourly labour costs in the third quarter of 2019 compared with the third quarter of 2018 was recorded in the real estate sector (15%) and education (12.8%). In industry, total hourly labour costs grew by 8.3%, in services by 10.5%, and in construction by 10.1%.

Read on: in English ...

[close]
Nearly 70% of surveyed entrepreneurs consider the lack of skilled labour as the biggest obstacle ... [more]

Nearly 70% of surveyed entrepreneurs consider the lack of skilled labour as the biggest obstacle in their work, said the chairman of the Bulgarian Industrial Association (BIA). He presented the annual survey among BIA members on the business climate over the past year and expectations for 2020. The survey was conducted among 792 company managers.

Read on: in English ...

[close]
According to preliminary data from the National Statistical Institute (NSI), at the end of Septem... [more]

According to preliminary data from the National Statistical Institute (NSI), at the end of September 2019 the number of employees under a labour contract decreased by 39,100, or 1.7%, compared to the end of June 2019, reaching 2.31 million.

Read on: in English ... Read on: the NSI press release

[close]
The Bulgarian government has approved the bill on the 2020 state social security budget. The bill... [more]

The Bulgarian government has approved the bill on the 2020 state social security budget. The bill envisages increase in pensions by 6.7% as of 1 July 2020. The bill also proposes changes to the Social Security Code related to the implementation of the state social insurance budget, as well as some amendments that detail provisions on insured persons’ rights.

Read on: in English

[close]
A report released by the Ministry of Finance estimates that the average monthly salary in the cou... [more]

A report released by the Ministry of Finance estimates that the average monthly salary in the country will reach about € 767 in 2021. According to local news the ministry predicts that the average salary in the country will reach € 715 next year, and € 818 in 2022. Bulgaria is at the bottom of the EU population income list. In 2018, the average hourly labour cost in Bulgaria is the lowest in the European Union, equal to € 5.40.

Read on: in English …

[close]
According to European comparisons, wages in Bulgaria are about a quarter of the average in Europe... [more]

According to European comparisons, wages in Bulgaria are about a quarter of the average in Europe, and labour productivity in the country is about 50% of the European average. The Confederation of Labour Podkrepa will ask for a minimum wage increase to be set in the budget for 2020, since this minimum wage currently corresponds approximately to the labour productivity. This was stated by the economic advisor of the trade union who participates in a forum for the rights of posted workers, organized by the trade union.

Read on: in English ...

[close]
Bulgarians earn little and spend little. They are in last position in the European per capita con... [more]

Bulgarians earn little and spend little. They are in last position in the European per capita consumption rankings, at 56% of the average levels for the EU. The income and spending level of Bulgarian households indicates that at this time, things are not looking particularly rosy, nevertheless, they are improving – gradually and at a modest pace. Mostly because incomes are going up uninterruptedly and at a stable rate which is allowing Bulgarians to increase their consumption.

Read on: in English ...

[close]
About 30.5% of Bulgarians cannot afford a one-week holiday, according to European Union statistic... [more]

About 30.5% of Bulgarians cannot afford a one-week holiday, according to European Union statistics agency Eurostat, citing figures for 2018. Eurostat said, however, that the figure had dropped by 35.8 percentage points since 2013 – the largest such decrease in the EU.

Read on: in English ...

[close]