Stephan M. Muehlemann, CEO and Co-Founder of Aryxe Group, shared his insights on the educational system in Bulgaria and its influence on businesses in the numbers of qualified labor it generates, with the online magazine Bulgarian Science.

Bulgarian Science is a year-long publication and source of interesting and new information in the science field and has long been at the forefront of scientific developments.

The educational system in Bulgaria has had a direct influence on the numbers of qualified workers and the attractiveness of the region to foreign companies. Many organizations have moved operations to the Balkan country in an effort to cut costs and benefit from the so-called “near-sourcing” of operations close to their headquarters. The same organizations, nevertheless, bring about an instability in the local economy by increasing the inconsistency of skills and remuneration between them and local companies.

A key area for discussion is also the readiness of school-leavers and graduates to enter the work life and effectively contribute to the economy by being skilled in multiple fields. To achieve this in an economy where the difference between professional demand and educational supply is prominently increasing, it is of uppermost importance that businesses and providers of education work closely together to build long-term bonds.

Learn what businesses can do to nurture a qualified workforce and the challenges behind this in the full interview on nauka.bg.