Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Finance Minister Assen Vassilev: No reason to extend the 60/40 mechanism

COVID-19 temporary wage subsidy will be into effect in Bulgaria until the end of June

Асен Василев
Photo: BGNES

The measure to support employers in relation to the coronavirus pandemic is likely to be dropped, said Finance Minister Assen Vassilev. The 60/40 financial instrument will be discontinued once it expires, as there will be no reason to reactivate it.

During question time, Vassilev pointed out to the MPs that the funding extends until three months after the end of the epidemic situation and the pandemic, i.e. until 30 June.

According to the Finance Minister, if the incidence continues to decline, there will be almost no anti-Covid measures in April, May, and June, so there will be no necessity for the 60/40 measure to be reactivated. Vassilev reminded that a new budget revision is due in the middle of the year, in which more funds should be earmarked for compensation in the tourism sector.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

New parking lots with charging stations for electric vehicles open at Sofia Airport

New parking lots with over 1,000 parking spaces, including special areas for people with limited mobility and electric vehicle charging stations, were opened at Sofia Airport today.  The parking lots are divided into short-term and..

published on 11/26/24 3:30 PM

The European Public Prosecutor's Office has charged a Bulgarian citizen with attempted fraud with Chinese agricultural machinery

A Bulgarian businessman has been charged by the European Public Prosecutor's Office with attempted fraud with Chinese agricultural machinery. He tried to present the machinery as Bulgarian-made. A lawsuit has been filed in the Sofia..

published on 11/26/24 2:13 PM

GERB party say they will return the first mandate as soon as they receive it

Boyko Boris s ov, leader of the GERB-SDS coalition that won the parliamentary elections on October 27, announced he is withdrawing his candidacy for prime minister. At a briefing at the party headquarters he urged the PP-DB to..

published on 11/26/24 1:43 PM