Podcast in English
Audio Player
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

Bulgaria and East Timor discuss cooperation in education, agriculture and IT

The President of the Democratic Republic of Timor-Leste, José Ramos-Horta, is on a working visit to Bulgaria. This is the first bilateral visit since the establishment of diplomatic relations between Bulgaria and East Timor in 2003...

published on 4/22/25 4:35 PM

Traffic through the Petrohan Pass will be stopped on Wednesday and Thursday from 10 a.m. to 4 p.m.

On April 23 and 24 from 10 a.m. to 4 p.m. the movement of all vehicles through the Petrohan Pass - Road II-81 will be limited because the removal of trees within the boundaries of the road. While the necessary activities are being carried out in the..

published on 4/22/25 3:50 PM

"Save Sofia" withdraws trust from mayor Terziev

The leader of "Save Sofia" Boris Bonev announced at a briefing that the regional political party is withdrawing its trust from the mayor of the capital, Vasil Terziev. It is also leaving the coalition with "We Continue the Change" -..

published on 4/22/25 2:41 PM