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60/40 wage support scheme to be extended until September 2021

Bulgaria’s cabinet extended the 60/40 measure until the end of March at today's online meeting. In the coming weeks, its implementation will be guaranteed until September 2021, this country’s Premier Boyko Borissov announced.  The state authorities..

30.12.20 11:45 |

Language barrier among main impediments in hiring workers from non-EU countries

The language barrier and the lack of information on labor and social security rights in other languages are among the main problems in hiring workers from non-EU countries in Bulgaria, a survey by the Institute for Social and Trade Union..

28.12.20 10:17 |
The Bulgarian Development Bank

Impact of Covid-19 crisis on loans and deposits in Bulgaria

The outgoing 2020 was not very good in economic terms, but fortunately the crisis provoked by the Covid-19 pandemic did not reach the scale of the world financial crisis form the period 2008-2009. Banks around the globe and in Bulgaria entered..

07.12.20 00:59 |

“Employment for You” measure to facilitate hiring of people

Starting tomorrow, businesses can apply under much more favorable conditions for the measure "Employment for You", which provides subsidized employment. Financing totaling about 82 million has been provided for this purpose and will be distributed on..

26.11.20 16:45 |

189,000 people find jobs since start of pandemic

189,000 people have found a job since the start of the coronavirus pandemic, Ministry of Labour and Social Policy data show. After the first version of the 60/40 employment aid scheme in the March-June period, more than 9,000 employers were..

14.11.20 11:53 |
Social Minister Denitsa Sacheva

Bulgarian government to look for opportunities to support pandemic-hit sectors

Bulgaria's Ministry of Social Affairs will look for ways to use European funds to help employers who have to stop their operation due to the pandemic, Social Affairs Minister Denitsa Sacheva told reporters . According to Sacheva, who is taking part in a..

28.10.20 16:20 |

Employment support measure 60/40 may remain in effect until June 2021

The measure 60/40 will continue to operate after January 1, as we will be seeking a balance to help businesses maintain employment, but also not to make it too dependent on state aid, said Social Affairs Minister Denitsa Sacheva. The draft social..

23.10.20 17:18 |

Unemployed young people to gain experience in public administration

Young people up to 29 years of age with higher education will be able to gain one year of work experience in their specialty in the Bulgarian public administration through the "Career Start" program . The condition is that they have no work experience..

16.09.20 15:30 |

9% VAT for some sectors – benefits and drawbacks for the economy

Amidst continuing anti-government protests, the government reduced, temporarily, VAT on wine and beer served in food and drink establishments form 20% to 9%. The motive of the authors of the measure – the United Patriots and Volya – was to..

04.08.20 10:50 |

The European Commission approves extension of aid measures in Bulgaria

The European Commission has announced that it has approved two measures proposed by Bulgaria to help employment in the context of the Covid-19 crisis.  The approval is done under the temporarily eased state aid rules.  The first measure extends and..

15.07.20 17:39 |
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