Unemployment

The 60/40 wage support scheme used by the state to pay 60% of the social security contributions and 60% of the salaries will be amended and will continue from July 1 until September 30, Bulgaria's Minister of Labor and Social Policy Denitsa Sacheva said. 

Nearly 7,000 unemployed with low or no qualifications from 115 cities will be able to benefit from trainings and internships in key competencies for the most sought-after occupations on the labor market.

They will be organized by business and trade unions and the projects will be financed with European funds, reported BNR.

Due to the Covid-19 pandemic, the Human Resources Development Operational Program postpones for next year the application for the incentive measure for return to Bulgaria for work.

London (CNN) - Is the damage caused by the lockdown worse than the virus itself? That's a question raised by some world leaders and commentators who claim that economic and social hardship caused by strict coronavirus restrictions places a heavier burden on society than the death rate caused by the disease.

The Chairman of the Alliance of Liberals and Democrats (ALDE) Calin Popescu-Tariceanu maintains that by increasing the pensions by 40pct, from 1 September, the Romanian economy could be relaunched because it would encourage the consumption of goods and services in order to create jobs.

For the first time since the beginning of the Covid-19 crisis in Bulgaria, the number of newly employed persons is higher than those newly registered at the employment offices.

The consequences of the coronavirus pandemic on the labor market are now obvious, as data from the Manpower Organization (OAED) showed that the number of registered unemployed rose in April by 211,526 or 21.73% from the same month in 2019.

Nearly 90 percent of large and medium-sized enterprises affected by the Covid-19 crisis have fully or partially resumed operations in the first week after the lifting of the state of emergency.

This is shown by the data from the CITUB monitoring of over 100 companies in the whole country, announced the national secretary of the union Todor Kapitanov.

Greece will have to restructure its production model after the coronavirus crisis has eased so that it does not depend on tourism and small and medium-sized enterprises to such a great extent, the Hellenic Federation of Enterprises (SEV) argues in its monthly bulletin.

It adds that, in that regard, the government ought to proceed with reforms and reduce energy and non-salary costs.

Unemployment at the beginning of the crisis was growing rapidly as there were  9,000 newly registered unemployed persons on a single day. Now, as a result of the measures, the growth of the registered unemployed citizens in Bulgaria keeps its levels.