“Bulgaria has solid financial buffers and mechanisms and I am moderately optimistic about our exiting the crisis,” Plamen Dimitrov, leader of the Confederation of Independent Trade Unions in Bulgaria (CITUB) said for the Bulgarian National Radio.
He added that the CITUB’s forecasts of a level of unemployment of almost 10% in the country by the end of the year are corroborated by an analysis by the biggest Bulgarian bank, according to which unemployment will stand at 9%. According to the bank an 8% drop in the GDP is to be expected, as opposed to the 3% set down in the budget. But even if this more negative scenario were to be played out, the reserves Bulgaria has will help it cope. The problems highlighted by Plamen Dimitrov are lack of flexibility in the availability of unemployment benefits, as well as the minimum amount of unemployment benefits – BGN 9 /EUR 4.6/ a day, which is what the unemployed in the tourist and restaurant industry are receiving.
Since 2007, when Bulgaria joined the EU, real incomes in the country have more than tripled. Purchasing power has increased by 20%. This is according to the Ministry of Finance. In 2006, the interest rate on mortgage loans in the country was 8%, now..
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Bulgaria is ahead of many countries in the world in terms of representation of women in parliament, as well as in high positions in the corporate sector..
Caretaker Minister of Education Galin Tsokov has assured that the nearly 20 million euros earmarked in the budget for higher education..
Caretaker minister of tourism, Evtim Miloshev, predicts that the number of tourists in this country will grow by at least 10% during..
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