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

Sunny and warm weather expected on Wednesday

It will be sunny on Wednesday. There will be moderate northerly wind. The lowest temperatures will range from 13°C to 20°C, for Sofia 13°C. Daytime highs will range from 29°C to 34°C, for the capital city 30°C. It will be sunny Over the Black..

published on 8/6/24 5:20 PM

A guarantee fund will protect the interests of tourists in the event of a tour operator's bankruptcy

The Ministry of Tourism has published for public discussion a draft for amendments to the Tourism Act, which introduce various protections for tourists on organized trips in the event of a tour operator's bankruptcy. The measures also include those..

published on 8/6/24 4:48 PM

The National Assembly Defence Committee greenlights the acquisition of the German IRIS-T SLM air defense system

The National Assembly Defence Committee has given the green light for acquiring the German IRIS-T SLM air defense missile system. The bill was adopted at first reading. 10 MPs voted in favour and 3 MPs abstained.  Bulgaria intends to purchase one..

published on 8/6/24 3:26 PM