Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria’s employers disapprove of merger of holidays and working days

Photo: library

According to estimates of the Bulgarian Industrial Capital Association, the national economy is to lose between EUR 150 million and EUR 200 million in 2016 due to the long holidays. The employers calculate that due to the mergers of the holidays and the working days between Easter and St George’s Day, as well as around May 24 (The Day of Culture and Slavic Script), there are 18 working days and 13 holidays this month. Only 8% of the Bulgarian companies, mainly in the transport and tourism field, are to benefit from the long holidays. However, the rest of the industry is to experience difficulties, because after the holidays they have to put additional pressure to their employees, in order to meet their targets. Even if shops are open throughout the holidays, the employers are to incur losses, because most of their clients spend the holidays outside the cities. Meanwhile, the companies abroad are functioning at full capacity, the Bulgarian employers complain.




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

The project for the construction of Sofia Airport Terminal 3 has been presented

The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero, CEO of Sofia Airport operator.  Speaking at the presentation of the future Terminal 3,..

published on 9/10/24 12:56 PM

Bulgaria takes on new debt of 3 billion euros and 1.5 billion dollars

Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely..

published on 8/29/24 6:30 PM
Krassen Stanchev

Despite the political crisis in the country, the economy is developing steadily, Krassen Stanchev says

The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..

published on 8/22/24 11:22 AM