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

Cabinet sitting, 29 January, 2025

Interdepartmental council to issue investment permits from non-EU countries

By a government decision, as of today an interdepartmental council is being set up for the screening of foreign direct investments. It will examine the applications submitted for making foreign direct investments in Bulgaria by investors registered..

published on 1/29/25 2:06 PM

The British Embassy Sofia and the Presidency are once again looking for an ''Ambassador for a Day"

The initiative of the British Embassy Sofia ''Ambassador for a Day'' will be held for the eighth consecutive year under the auspices of Vice President Iliana Iotova, announced the press office of Bulgaria’s Head of State. The competition for..

published on 1/29/25 12:39 PM

The crew of the seized ship ''Vezhen'' has not been detained

''A Bulgarian ship was detained on suspicion of damaging a telecommunications cable under the Baltic Sea between the Latvian city of Ventspils and the Swedish island of Gotland. An investigation is currently underway in Sweden. We do not have..

published on 1/29/25 12:24 PM