InvestBulgaria Agency Newsletter (January 2014)

Date: Jan 2014

InvestBulgaria Agency issues a new monthly electronic newsletter where we bring to your attention information about:

  • Bulgarian Investment Agency - events, initiatives and current projects;
  • Economic news and key indicators related to business, investment and trade;
  • Investment opportunities of a municipality;
  • Foreign Chambers of Commerce in Bulgaria;
  • Macroeconomic indicators;
  • Upcoming events.

The InvestBulgaria Agency’s newsletter represents another step towards the establishment of Bulgaria as an attractive, stable and safe business destination.

Employment policy in 2014 supports economic and social recovery and stabilization of labor market

Rositsa YankovaRositsa Yankova

Deputy Minister of Labor and Social Policy

Until June 2013 she took the post of executive secretary on labor market in Confederation of independent Trade Union in Bulgaria

From 2009 until 2011 she served as Employment agency’s CEO.

From 2003 until 2009 she took the post of a deputy CEO in the Employment agency, as she was mainly responsible for implementation of labor market policies and for European funds.

From 2002 until 2003 she was a director of "Pre-Accession Funds and
International Relations" department in the Employment Agency.

She graduates from language school Geo Milev in Dobrich. She is a Master in law from Sofia University St. Kliment Ohridski and has a master’s degree in marketing from Konstantin Preslavsky University of Shumen. She specialized in administrative management in the Administrative college of India.

Employment policy in 2014 supports economic and social recovery and stabilization of labor market. It will be realized via National action plan on employment, which is a key tool for the transition between two periods of development: period of crisis and period of animation and shrink and of growth in employment. Its annual implementation will contribute to meeting the goals and commitments of the country in the implementation of the EU Strategy 2020, namely:

- Achievement of 76% employment;
- Decrease of number of those living beyond poverty threshold by 260,000.

In parallel to the plan, from 01.01.2014 starts an European initiative Youth Guarantee. Funds are provided under it to business for ensuring apprenticeship for youths, hiring of unemployed, qualification of employed young people. The program also covers funds for starting of own business and increase of level of service. In the middle of 2014 the new Operational program Development of human resources will start.

As far as labor market is concerned, our efforts are directed to support business to create sustainable work places. On the other hand the Agency prepares and acts as an intermediary for potential candidates to take up free work places. Mediation is effected through territorial offices of the Ministry of labor and social policydepartments of Labor Office to Employment Agency that implement each measure and program.

Latest information on the available options for application and use of services of the Ministry of labor and social policy’s system can be found on the ministry and Employment agency’s web pages: http://www.mlsp.government.bg and http://www.az.government.bg/.

The ministry is a partner to business and potential investors, as it supports and completes different projects focused on the increase of labor force’s quality. It facilitates the supply and demand of labor force and mediates relations between job seekers and employers. BGN 73 million is provided in the state budget for employment and qualification in 2014.

Click to download full version of IBA's newsletter (January 2014).

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