40% of Companies in Bulgaria to Hire New Employees by end-2013

Employment Agency head Kameliya Lozanova, photo by Sofia Photo Agency

Some 40% of companies intend to increase staff and hire new employees by end-2013, according to a survey of Bulgaria's Employment Agency.

In a Sunday interview for 24 Hours daily, Kameliya Lozanova, Employment Agency head, explained that the unemployment rate in Bulgaria was not expected to increase in 2013 despite the finalization of temporary employment projects for 50 000 people.

Lozanova pointed out that the companies which had hired workers under these temporary employment measures tended to retain 20% of the new staff permanently, with the percentage increasing to 50% when it concerned young employees keeping their jobs after the termination of the state subsidy.

To illustrate her point, she said that no increase in the unemployment rate had been registered after the completion of projects under which some 25 000 had found jobs.

Lozanova noted that some 14 000 people were expected to start work in the autumn of 2013 under a new set of state-funded measures aimed at curbing unemployment.

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