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Bulgaria WEDNESDAY, 30 May 2012

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Bulgarian Youths Are the Last to Enter the Labor Market in Europe


Bulgarian youths start a job much later that their peers in Europe. What they lack is hand-on experience that helps to start a carrier, President Plevneliev said in an opening speech at the first sitting of the Education and Science Council. Young Bulgarians get their first job at 22 on the average, while their peers in other EU countries start earning their crust two years earlier. He went on to say that the share of young entrepreneurs aged 15-24 in Bulgaria was 3.4%, compared to Greece's 7.8% and Romania's 11.3% and way below the average in Europe. Plevneliev further presented statistics showing that Bulgaria had a 5.7% share of self-employed aged 25-29, compared to Europe's 8.7% and Romania's 11.4%/ He cited innovations as a key instrument to generate added value in the economy.
Head of the popular employment e-agency Job Tiger Svetosar Petrov said that highly paid specialists tend to change their jobs for less stressful positions. The average age for this “volunteer demotion” is 30-35.
Natalia Malcheva
Stella Stoyanova
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