In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high.
1/7th of the young people who are inactive have university degrees, but among them women on maternity leave prevail. Many of the young people who do not work have no education, or are from the minorities, which is a risk factor. The population of working age is shrinking quickly, and this could restrict economic development and investments, researcher Adrian Nikolov from the Institute for Market Economics says for 24 Chasa newspaper. Other risk factors are the lack of planned professional education that can take into account the needs of the labour market, he adds. There is an acute shortage of workers in industry such as welders, machinists, turners, for whom there is a considerable demand, so an increase in salaries is to be expected, Adrian Nikolov says.
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..
The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..
This year will be the last in which Bulgarians receive their income in leva. In what currency will people declare their money to the tax authorities..
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