Thu, Mar 18 2010
Photo: Tsvetelina Angelova
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Close to 22 million people in the 27 European Union member states were jobless in July 2009, the highest unemployment in the EU since May 2005, the bloc’s statistics office Eurostat says. Bulgaria had seven per cent unemployment in July 2009; a year earlier it was 5.5 per cent.
The unemployed-job vacancies ratio was 15 to one
About 22 000 people have lost their jobs since the beginning of the year
Bulgarians are above the EU average in worrying that they or their spouses will lose their jobs, while 18 per cent have no confidence about having a job in two years’ time – against an EU average of seven per cent.
Youth unemployment has increased in all EU member states except Bulgaria, where it decreased from 13.9 per cent in the first quarter of 2008 to 13.5 per cent in Q1 2009.
Unemployment in euro area was 9.5 per cent in May 2009, new Eurostat figures say. Joblessness figures in all EU states are higher than a year ago.
The United Kingdom registered the largest deficit, followed by France, Spain, Greece and Portugal. EU27 trade flows with all of its major partners fell in 2009, except for exports to China.
Labour costs in Bulgaria increased by 11.3 per cent on an annual basis, according to a Eurostat report on the fourth quarter of 2009.
Chimimport's Central Cooperative Bank got the green light to buy 100 per cent of Stater Banka for 5.9 million euro
The largest shopping mall in Bulgaria is ready for business after two years of construction
Twelve contracts have been signed from the beginning of 2010 to date under the European programme for development of wine production in Bulgaria

Kaloyan Krustev is the new chairperson of the State Commission on Gambling. He replaces Dimitar Terziev who resigned from his post. Krustev is a law graduate from Sofia University St Kliment Ohridksi. In 1995-2000 he worked for the legal department of the state Privatisation Agency. In 2001 Krustev was appointed director of the Gambling Control Directorate at the SCG. In 2002-2005 he worked in the legal department of the state Insurance Supervision Commission. Krustev's career continued in the private sector in 2006 when he joined Bulgaraski Imoti insurance company as a legal expert. In 2007-2010 he worked in the legal department at ING Pensions and Insurance branches in Bulgaria.