In the second quarter of 2020, Bulgaria was among the less affected countries from job losses or reduction of working hours, Eurostat announced.
Less than 10% of the Bulgarian workers were temporarily made redundant or had to work less hours between April and June this year. Between 2% and 3.5% of the employees lost their job due to closure of businesses because of the coronavirus crisis.
Italy, Greece and Ireland are the EU countries which have been most severely affected by temporary redundancies or reduction of working hours.
Spain, Ireland and Italy have dismissed highest number of workers during the crisis. Eurostat places Bulgaria among the five EU countries with lowest risk of job loss due to coronavirus crisis, investor.bg. informs.
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
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