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

Pirogov Hospital

Child injured on the beach in Sozopol is in a stable condition

The nine-year-old boy, who was seriously injured in an accident with a cleaning machine on the central beach in Sozopol, has stable parameters, "Pirogov" reported. The child was transported by air from Burgas and underwent diagnostic..

published on 8/4/24 11:19 AM

Fire polluting the air of Plovdiv has been extinguished

The fire at a landfill in the village of Tsalapitsa near Plovdiv has been completely extinguished, but a team of fire-fighters with equipment remains there, Plovdiv Mayor Kostadin Dimitrov announced. The air quality indicators..

published on 8/4/24 10:50 AM

Weather forecast: Sun with showers on Sunday

On Sunday the weather will be predominantly sunny over most of the country. Cumulus clouds will form before midday over the Southeasternmost regions where there will be occasional showers. In the afternoon cumulus rain clouds will form over..

published on 8/3/24 6:05 PM