Five Trends for the Economy of Smolyan District
In recent years, Smolyan has positioned itself as one of the leading areas in school education with consistently high results between the individual municipalities and schools in it. However, this success has not yet been transferred to the labor market, which reached its peak in employment a few years before the onset of the new crisis under the pressure of labor demand from neighboring areas. As a result, the local economy is developing more slowly than its direct competitors, but at the same time there are significant improvements in poverty and material deprivation. Among the biggest problems remains the significant emigration, which continues even in 2020, when most regions of the country are reversing the negative trends.