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

Lukoil Bulgaria: It is not true that the company is ceasing its operation in Bulgaria

“All sites in the “Lukoil” retail network are functioning and will continue to operate in normal mode.” This is stated in a press release from the company regarding information spread in some media about the upcoming termination of the activities of..

published on 11/13/25 9:45 AM

Parliamentary Energy Committee rejects presidential veto on the Lukoil Special Manager

The parliamentary Energy Committee has rejected President Rumen Radev’s veto on the legislative amendments concerning the powers of the special manager of “Lukoil Neftohim Burgas.” President vetoes legislative amendments related to the special..

published on 11/13/25 8:45 AM

Tsarevets prepares for two versions of Sound and Light Show in one day

For the first time in the 40-year history of the audio-visual show "Tsarevgrad Tarnov - Sound and Light" in Veliko Tarnovo, its two versions will be shown in one day, the press center of the municipal administration has reported...

published on 11/13/25 7:05 AM