As of July 15 Bulgarian employers can start filing applications for state aid to maintain employment under the renewed 60/40 wage support scheme. The measure was extended until September 30, 2020. Compensations will be paid for July, August and September to the tune of 60% of the insurable earnings in May 2020 and 60% of the social security contributions owed by the employer. The companies must prove that their revenues decreased with 20% as compared to the same period in 2019 and must have declared their obligations for 2020. Nearly 300,000 people are expected to keep their jobs due to the extension of this measure. More than 160,000 employees retained their jobs in the previous three months due to the 60/40 wage support scheme. Over EUR 75 million has been paid until now to 20,225 Bulgarian companies under the 60/40 wage support scheme .
In an interview with BBC, Foreign Minister Georg Georgiev says that Sofia welcomes the commitment of President Trump's administration to stop the war of aggression against Ukraine in order to achieve a lasting and sustainable peace. "What is important,..
“Botev Plovdiv” football club is organizing a charity ball today, at which it will celebrate the 113th anniversary of the founding of the professional football club. The funds raised will support two campaigns – for the construction of a monument to..
Bulgaria will continue to provide strong support for Montenegro's European perspective, Bulgarian President Rumen Radev assured his Montenegrin counterpart Jakov Milatovic , who is on an official visit to Bulgaria. He stressed that Montenegro is also..
Vazrazhdane party has sent a formal request to President Rumen Radev to call a referendum on keeping the Bulgarian Lev , the party’s leader Kostadin..
The Central Election Commission (CEC) must carry out the re-calculation of the election results it has been tasked with by the Constitutional Court...
A yellow code for strong wind has been issued for 18 regions of Bulgaria on Tuesday . The minimum temperatures will be 4 to 9°C, around 4°C in Sofia...
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