According to an analysis by the Bulgarian Chamber of Commerce and Industry (BCCI) the government’s measures 60/40 and 80/20 in support of businesses should not continue to be applied in the form they are now implemented.
It is unacceptable for people who are working to receive 100% of their salaries, and for people who are not working to also receive 100% of their salaries, BCCI experts say. In their opinion the compensations for those who are unable to work because of the current situation should be reduced, so they may be stimulated to look for work and to make sure there is production in the country. Unless entrepreneurs are stimulated to return to their normal activities despite the difficult conditions due to the epidemic, unemployment in the country will continue to grow, the experts say.
According to the 60/40 or 80/20 measure part of the salaries of the workers who are unable to work because of the coronavirus crisis are covered by the state, and the other part – by the employers. The idea is for companies to be able to retain their staff despite the crisis.
The challenges facing the energy sector in Bulgaria and the region were discussed by the Minister of Energy Zhecho Stankov and the Executive Vice-President of the European Commission for Clean, Fair and Competitive Transition Teresa Ribera , the..
We do not yet have the euro, but the information that we may have it inspires certain market entities, said Prime Minister Rosen Zhelyazkov at the opening of the National Discussion “The Effect of the Eurozone. The Experience of Member States Speaks”...
The Bulgarian Parliament has adopted the Personal Bankruptcy Act, which is an EU requirement for the second payment under the Recovery and Resilience Plan to be implemented. The texts provide that a debtor who fails to service his/her..
Today and tomorrow, Bulgaria's Minister of Agriculture and Food Georgi Tahov will take part in a meeting of the European Union Council on Agriculture and..
A Bulgarian delegation, led by Prime Minister Rosen Zhelyazkov, will participate in the NATO summit focusing on defense and deterrence plans, which..
It will be a fine, almost quiet night. Tomorrow will be sunny and hot, particularly in the lowlands. A light wind will blow in from the west-northwest...
+359 2 9336 661