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

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM

Bulgaria's public debt for 2023 was 22.9% of GDP

In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...

published on 10/22/24 1:23 PM