Economy

Bulgaria is projected to experience a significant decrease in its labor force over the next decade, with estimates suggesting a reduction of more than 400,000 individuals. This decline is occurring amid rising labor costs, where Bulgaria ranks second in the European Union.

The caretaker Minister of Economy stated that he supports current president Rumen Radev.

Kemal Kılıçdaroğlu, the chair of the main opposition Republican People's Party (CHP), has continued his criticisms against the government for not being sufficiently transparent over the reserves of the Central Bank and for inconsistent explanations by the officials on the matter.

Niki Kanchev, Ani Tsolova, Svetlin Nakov, Lyubomir Stoykov and Maxim Behardiscussed potential changes in the professional education

Government has approved the modification of Annex 3 to the government decision on the state of alert in order to allow the ease of lockdown in several sectors beginning with June 1, according to the measures adopted by Decision No. 26 of the National Committee for Emergency Situations (CNSU).

Stefanovic, state secretary in the Ministry of Economy, spoke for Prva TV on Thursday.

- Mr. Takov, for three months you are the Executive Agency for Promotion of Small and Medium-Sized Enterprises (BSMEPA). What are your priorities for improving its activity?

The biggest Bulgarian-Macedonian businesss forum was opened in Skopje on 17th of January, reports BNT. 

Bulgaria is represented by a government delegation headed by Deputy Prime Minister Tomislav Donchev, which also includes the Deputy Minister of Economy, the Deputy Minister of Tourism and the Director of the Executive Agency for Promotion of Small and Medium-Sized Enterprises.

Despite public fears that adopting the single currency will cause prices to rise in Bulgaria, analysts believe the country's plan to apply to the ERM II mechanism - known as the eurozone's "waiting room", will bring benefits to the country.

Former German Chancellor Helmut Schmidt passed away at the age of 96 in his home city of Hamburg on Tuesday.

Schmidt served as Chancellor of West Germany between 1974 and 1982.

Before that he had held several ministerial positions, having successively served as Defence Minister, Economy and Finance Minister in the government of his predecessor Willy Brandt.