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World

Bulgaria's jobless rate eases to 7.9pc in July

  • There were some 14,800 fewer unemployed people in the Balkan country of 7 million than a month earlier, but around 85,900 more than a year before, the agency said.
Published August 17, 2020

SOFIA: Bulgaria's unemployment rate fell to 7.9pc in July from 8.3pc in June, data from the state employment agency showed on Monday, as the labour market slowly recovered from coronavirus restrictions and government job support schemes gained momentum.

The jobless rate was 5.3pc in July 2019.

There were some 14,800 fewer unemployed people in the Balkan country of 7 million than a month earlier, but around 85,900 more than a year before, the agency said.

Labour Minister Denitsa Sacheva has said some 25,000 Bulgarian companies hit by the coronavirus have received government funding since April to keep their staff employed, saving some 177,000 jobs.

Sacheva has said the unemployment rate would have been at 14pc without the government support schemes.

The government plans to extend more funds to save another 300,000 jobs this year.

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