Economic Activity And Employment in the Non-Financial Sector of Bulgaria under Conditions of Covid-19 Crisis. Sectoral Vulnerability Assessment
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Abstract
This article examines the economic consequences in the non-financial sector of Bulgaria as a result of the Covid-19 pandemic. The analysis of the development of the pandemic in Bulgaria from a medical point of view leads to the conclusion that the health factor for the crisis will not be overcome soon. The mutations of the virus and the fluctuating rates of vaccination in Bulgaria are likely to put the country in need of periodic lockdowns (restrictions) of some economic sectors for at least a few more years. For this reason, it is particularly important to highlight the most vulnerable sectors in order to provide more targeted support, rather than supporting sectors and businesses that do not need support, which only creates inflation. The article identifies a set of criteria for assessing sectoral vulnerability to restrictions imposed by the government and health authorities in connection with the pandemic.
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Lu, Li, and others. 2021. Perceived impact of the Covid-19 crisis on SMEs in different industry sectors: Evidence from Sichuan, China, International Journal of Disaster Risk Reduction, 55.
Institute for Market Economics. 2020. Institute for Market Economics. www.ime.bg (accessed September 12, 2021).
Madanski, Tsv. 2021. "Trade Policy Measures and Customs Duties on Goods Originating in the United States in Bulgaria and Other EU Member States", Journal „Accounting, Taxes and Law“, no. 2.
Mihaylova, I. 2021. “The Impact of the COVID-19 Pandemic on the Incidence of Conflicts in Organizations: An Employee Perspective”. Knowledge International Journal, 48(1), 165 - 171. Retrieved from http://ikm.mk/ojs/index.php/KIJ/article/view/5488
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Radenkov, Vl. 2011. „The Validity of the Existing as a Condition for the Validity of the Law: an Analogy Between the Natural Sciences and Modern Law“, Philosophy and European integration, Cognition and Science, Sofia, pp. 22-27.
Singh, A. L., and others. 2021. “Impact assessment of Lockdown amid covid-19 pandemic on tourism industry of Kashmir Valley”, India, Research in Globalization.
Sohail, S. 2019. “Pakistan employment trends-2018”. Islamabad, Pakistan: Pakistan Bureau of Statistics, Ministry of Statistics, Government of Pakistan.
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Zlatinov, D., Atanasov Il. 2021. “Absolute and Conditional Convergence: A Story about Convergence Clubs and Divergence in the EU”, Economic Studies Journal 2, ISSN :0205-3292.