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.
As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
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								Partly CloudyThe two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" -..
 
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