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 agreement with the largest exporter of workforce-India, Dr Petar Velev, Chairman of the Indian-Bulgarian Business Chamber, said in an interview for BTA.
''The agreement in question is a framework document that sets out all the main points on migration and mobility related to the issuance of a work visa, according to the qualifications and specific jobs sought in the country’’, BTA said. Velev gives the example of Germany, which has set the condition that job applicants must be trained in India beforehand for the respective position. India itself wants to ensure that there will be no irregular migration. If someone does not comply with the law in the host country, the Indian authorities are committed to returning them to India, said Petar Velev. He pointed out that at the moment, there are sporadic cases of Indian workers who have chosen Bulgaria for their career.
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for..
+359 2 9336 661