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The paper tries to assess the extent of mismatch between the supply of labour and the demand for labour in Bulgaria during the period 2004-2017, using both descriptive and econometric approaches. We construct various descriptive indicators and estimate the change in efficiency of the labour market across fields of education and regions in Bulgaria on the basis of Employment Agency data. Our analysis points to the fact that after 2015 labour market efficiency has shown signs of deterioration in a number of educational fields. In addition, there are significant differences in efficiency dynamics between the northern and southern parts of the country. We comment on the probable factors responsible for the decline in efficiency at the end of the sample period and discuss possible policy responses. [ABSTRACT FROM AUTHOR]