Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria launches renewed 60/40 wage support scheme

Photo: archive

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 .




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

On February 1, 2024 the first helicopter of the Helicopter Emergency Medical Service arrived in Bulgaria.

Delivery of two medical helicopters delayed until next year

There is a further delay in the delivery of the next two air ambulances to Bulgaria, the Italian manufacturer has said in a letter to the Ministry of Health. In the letter, the contractor, Leonardo S.p.A., set new deadlines for the arrival of the..

published on 10/3/24 3:30 PM
Iassen Tomov

Bulgaria seeks alternatives to evacuate citizens from Lebanon

Another evacuation flight from Lebanon to Bulgaria would be risky and almost impossible to organise , said Bulgaria's ambassador in Beirut, Iassen Tomov. Alternative options are being considered to bring the Bulgarian citizens home.  On Tuesday, 169..

published on 10/3/24 1:55 PM

Most Bulgarians are Euro-optimists, Eurobarometer survey shows

Most Bulgarians (60%) are optimistic about the future of the EU. The EU-wide figure is 65%, according to a Eurobarometer  post-election survey published by the European Parliament.  Positive attitudes towards the Community are also high - more..

published on 10/3/24 1:34 PM