Unemployment

July inflation was generally in line with market expectations; thus annual inflation rates continued dropping. Annual inflation as of the end of July is at its lowest level for the past 26 months, even lower than May 2013, becoming 6.81 percent. 

The inactivity rate of young people aged 15-24 in the EU-28 varied from 32.6% in the Netherlands and 38% in Denmark to nearly 73% in Bulgaria and Italy, according to Eurostat data for 2014.

Around 58% of the men and women in this age group, or 32,4 million people in the EU-28, were economically inactive during that time.

Youth unemployment in Bulgaria dropped by 4.1 percentage points on the year in 2014, according to the 2014 annual report on youth approved by the government.

Unemployment in the age group 15-29 stood at 17.7%, down by 4.1% from 2013.

The unemployment rate will likely rise soon due to the slowdown in several sectors, which had up to now been the biggest job generators Unemployment has started climbing again after the 2012-2014 period, which can be called a "low-growth period" with an average growth of 3 percent. There are signs that unemployment will climb further in the coming months.    

Turkey?s unemployment rate stood at 9.6 percent in the April period, falling to single digit levels after nine months, as the tourism sector began to employ seasonal employees, according to data released by the Turkish Statistical Institute (TÜ?K) on July 15.

1. The huge debt problem!

2. A map that shows Greek debt proportions compared to other countries.

3. The tragic problem of unemployment

According to preliminary estimates, the Gross Domestic Product (GDP) of Bulgaria in the first quarter of 2015 exceeded BGN 17 B, amounting to BGN 2395 per capita.

Thus, GDP increased by 2 % in the first quarter of 2015 compared to the same quarter last year and recorded a growth of 0.9 % compared to the last quarter of 2014.

The seasonally-adjusted unemployment rate in the 28 member states of the European Union decreased to 9.6% in May compared with 10.3% a year earlier, Eurostat said on Tuesday. 

"This is the lowest rate recorded in the EU28 since July 2011," the EU statistical office said in a news release.

Subsidized job creation is costly and inefficient, according to a survey of Bulgaria's Ministry of Labor and Social Policy on the impact of the government money spent on boosting employment rates.

In the period 2003-2011, Bulgaria spent BGN 1.461 B to increase employment by 2.3% on average, or by slightly over 52 000 people.

Tough financial austerity measures in Greece have led to a 35% spike in suicide rates in two years says a study published in Medscape Medical news. “Our main finding was that after 2010, when harsh austerity measures were implemented in Greece, we noted a significant increase in suicide rates for the years 2011 and 2012 in comparison to the period between 2003 and 2010,” George Rachiotis, MD, P