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

Dimitar Glavchev convenes an emergency meeting for the evacuation of Bulgarians from Lebanon

Caretaker Premier Dimitar Glavchev has convened a meeting at the Council of Ministers to discuss measures for the safe evacuation of Bulgarians from Lebanon, the government press service reported. Representatives from the Ministry of Foreign Affairs,..

published on 9/29/24 12:16 PM

Nikola Nikolov - Pascal has been detained in Serbia

Nikola Nikolov - Pascal, considered one of the largest smugglers, has been arrested in Serbia during a joint operation by Bulgarian and Serbian special services. The name of the detainee gained notoriety during the arrest of former National..

published on 9/29/24 11:31 AM

Museum visits by foreign tourists increase by 56.4%

The number of visits of foreign tourists to Bulgarian  museums in 2023 was 988,000, according to data from the National Statistical Institute. This is an increase of 56.4% compared to the previous year, said Deputy Minister of Tourism Pavlin Petrov...

published on 9/29/24 9:45 AM