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Bulgaria – 40% of companies to hire by end of 2013

23 September 2013

An estimated 40% of companies intend to increase staff headcount and recruit new employees by the end of 2013, according to a survey from Bulgaria’s National Employment Agency. This news comes at a time of increased concern over the inclusion of Bulgaria and Romania in the European Union.

Some nations have already expressed concern regarding an influx of workers from the new EU states once they have been formally accepted into the borderless union.

In a Sunday interview for 24 Hours Daily, Kameliya Lozanova, head of the National Employment Agency, explained that the unemployment rate in Bulgaria was not expected to increase in 2013, despite the finalisation of temporary employment projects for 50,000 workers.

Ms Lozanova explained that companies that hired workers under these temporary employment measures tended to retain 20% of the new staff permanently. This percentage generally increases to 50% when it concerned young people keeping their jobs after the termination of the state subsidy.

Ms Lozanova also explained that some 14,000 people were expected to start work in autumn of 2013 under a new set of state funded measures aimed at curbing unemployment.

In August, the official unemployment rate in Bulgaria declined month-on-month by -0.1% but held steady year-on-year at 10.7%. The number of new hires increased from July as a result of the higher number of people who started work under new Employment Promotion Act measures.   


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