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Bulgaria to apply for 500 mln euro loan under SURE

published on 8/5/20 4:51 PM

Photo: Archive

The Bulgarian government has approved a draft request for financial support of BGN 1 billion (over EUR 500 million). The request will be addressed to the European Commission under the SURE instrument for mitigating the risks of unemployment. The financial assistance is in the form of a loan.

The funds are sought in support of measures against the negative socio-economic consequences of the coronavirus crisis. They will be used to maintain the employment of about 250,000 workers by the end of this year and improve the stability of the unemployment benefit system, BNR reports.

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Radio Bulgaria News Up-to-date information Covid-19 measures SURE unemployment

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