“Bulgaria has solid financial buffers and mechanisms and I am moderately optimistic about our exiting the crisis,” Plamen Dimitrov, leader of the Confederation of Independent Trade Unions in Bulgaria (CITUB) said for the Bulgarian National Radio.
He added that the CITUB’s forecasts of a level of unemployment of almost 10% in the country by the end of the year are corroborated by an analysis by the biggest Bulgarian bank, according to which unemployment will stand at 9%. According to the bank an 8% drop in the GDP is to be expected, as opposed to the 3% set down in the budget. But even if this more negative scenario were to be played out, the reserves Bulgaria has will help it cope. The problems highlighted by Plamen Dimitrov are lack of flexibility in the availability of unemployment benefits, as well as the minimum amount of unemployment benefits – BGN 9 /EUR 4.6/ a day, which is what the unemployed in the tourist and restaurant industry are receiving.
Gorna Oryahovitsa will host a review of amateur creativity and a Festival of military brass bands of the Ground Forces. From September 18 to 20 th , military formations and performers from different regions of Bulgaria will meet at..
On Wednesday there will be scattered clouds, which will thicken up in the afternoon. In the Balkan Mountain and the massifs in south-western Bulgaria, light rainfalls can be expected. The lowest temperatures will be between 8° and..
Bulgaria's inclusion in the US Visa Waiver Programme was discussed at a meeting today between Foreign Minister Ivan Kondov and US Ambassador to Bulgaria Kenneth Merten. "Bulgaria's inclusion in the US Visa Waiver Programme is of the utmost importance and..
MEP Elena Yoncheva is in the city of Sanaa, Yemen, aiming to reach the port city of Hodeidah on the Red Sea. There lies the hijacked ship Galaxy Leader,..
In response to media reports that a company registered in Bulgaria supplied pagers to the Lebanese organization Hezbollah, which were subsequently..
GERB leader Boyko Borissov has called for the resignation of North Macedonian Deputy Prime Minister Aleksandar Nikoloski because of his..
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