Podcast in English
Text size
Bulgarian National Radio © 2025 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

There is money to solve the water crisis, coordination is needed, says PM

The water problem in recent years has not only not been solved, but has also been exacerbated by the lack of coordinated actions between institutions , the state and municipalities. With these words, Prime Minister Rosen Zhelyazkov opened the first..

published on 9/16/25 1:58 PM

Sofia to host the Operalia competition for young opera singers for the first time

Opera stars Sonya Yoncheva and Plácido Domingo will bring to Sofia a host of opera managers and 32 young opera singers from 17 countries across five continents. From October 20 to 26, the world’s most prestigious competition for young opera singers,..

published on 9/16/25 11:23 AM

Belgium and the Netherlands to transfer 7 MCM vessels to Bulgaria

Belgium and the Netherlands will transfer seven Tripartite  mine countermeasure vessels to Bulgaria free of charge, Naval News reported, citing the Belgian Ministry of Defence. The decision was approved by the Belgian government on September..

published on 9/16/25 9:58 AM