One out of 6.5 million Bulgarians are inactive

Specific regional policies needed to address employment and economic activity imbalances

published on 5/20/24 3:08 PM

Photo: BTA

Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study "Job Multipliers in Bulgaria", which was presented to the Council of Ministers today.

According to the Employment Agency, more than 1 million people in Bulgaria (with a population of less than 6.5 million) are inactive, neither working nor studying. The distribution of employment is uneven, with more than half of Bulgaria's municipalities reporting employment rates around or below 50%, according to the BTA.

The study finds that small municipalities need better funding for entrepreneurial activity and better integration. In addition, investment in transport connections at the district level is crucial.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy council for economic analysis economy imbalances regional unemployment

More from category

Businesses want to negotiate the import of highly educated specialists from India

In the next 3 to 5 years, Bulgaria will experience a shortage of more than 250,000 specialists with higher education. For the past 8 years, Bulgaria has missed the opportunity, which a number of EU countries have taken advantage of, to conclude an..

published on 5/22/24 9:18 AM

BNB tightens control over mortgage lending

The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..

published on 5/21/24 8:53 AM

The total expenditure per household member in Q1 of 2024 averages EUR 1,290

The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..

published on 5/17/24 2:46 PM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 18 | Max: 30

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

EU pays €65m for Bulgaria's electricity grid

Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy,..

published on 6/24/24 2:16 PM

Share

Bulgarian Council for Economic Analyses