Ukraine: 90% of SMEs resume operations in Mykolaiv region’s de-occupied Snihurivka community

UkraineBy admin 2024-11-13 Leave a comment

In the Mykolaiv region’s de-occupied Snihurivka community, 90% of small and medium-sized enterprises (SMEs) have resumed operations. The relevant statement was made by Snihurivka City Military Administration Head Ivan Kukhta. “Prior to the war, the community’s industrial potential consisted of processing enterprises, such as a butter factory, mineral water bottling plant, flour production enterprise, bread…

Ukraine: Ministry of Economy is developing approach to restoring land in de-occupied territories

UkraineBy admin 2024-11-12 Leave a comment

The Ministry of Economy has headed a working group to create a system for analysing soils affected by hostilities and developing recommendations for farmers working on such lands. This was announced by Deputy Minister of Economy Ihor Bezkaravainyi at the Forum “Cleaning up the territories: restoring soil and infrastructure”. “Most of the sites we are…

Bulgaria: euro can still be adopted until July 2025

BulgariaBy admin 2024-11-12 Leave a comment

Bulgaria could potentially adopt the euro on July 1, 2025, if all the necessary steps are taken within the required timeframe. According to an analysis by Stanislav Popdonchev, Deputy Chairman and Chief Financial Officer of the Bulgarian Chamber of Commerce, Bulgaria has time to meet the conditions for euro adoption until the middle of 2025,…

Bulgaria: Employment Agency names most sought-after professions over the next 5 years

BulgariaBy admin 2024-11-12 Leave a comment

In Bulgaria, the demand for workers had been steadily increasing, a trend that continued into the past year. Despite this, more than 200,000 people in the country who are capable of working remain unemployed. This raises the question of why such a large portion of the potential workforce is not engaged in the labor market.…

Bulgaria: 17,000 companies are expected to reduce workforce in 2025

BulgariaBy admin 2024-11-11 Leave a comment

Over the next year, more than 17,000 Bulgarian companies are planning layoffs, marking a nearly 37% rise in firms forced to scale back and reduce staff. In 2023, 12,600 companies reported similar workforce reductions. The data come from a study by the Employment Agency on labor market needs. Sectors most affected include trade, transport, and…

Bulgaria: labor market struggles amid record demand and limited workforce

BulgariaBy admin 2024-11-11 Leave a comment

Labor supply in Bulgaria remains exceptionally constrained amid record-high demand, making it increasingly challenging to tap into the limited available workforce, according to recent Eurostat data analyzed by the Institute for Market Economy. The report offers insight into the labor market slack across EU countries in 2023, extending its scope to include people aged 15-74,…

Bulgaria: country ranks lowest in average EU salary

BulgariaBy admin 2024-11-08 Leave a comment

According to recent Eurostat data, Bulgaria continues to hold the lowest average salary within the European Union. In 2023, the EU-wide average annual adjusted full-time salary increased by 6.5%, reaching 37,900 euros, up from 35,600 euros in 2022, as reported by Statistics Europe. Luxembourg leads with the highest average salary, reaching 81,100 euros, followed by…

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