Bulgarian Govt Envisions Unemployment Drop in 2014

Bulgaria's Minister of Labor and Social Policy in the Socialist-led government, Hassan Ademov, photo by BGNES

The Bulgarian government is hoping for 140,000 new jobs to be opened in 2014.

The Minister of Labor and Social Policy, Hasan Ademov promised that his ministry will provide new programs for promoting employment. Currently, 4,500 people are employed under such programs.

Ademov said that the government intends to continue providing subsidies for employers who open new positions.

The opposition center-right GERB party has criticized the current government for failing to deal effectively with the high unemployment.

According to various statistics, youth unemployment in Bulgaria at the end of 2013 is between 25 – 30%.

Minister Ademov is positive that the expected 1.8% GDP growth for 2014 will have an effect on the number of unemployed.

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