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

Atanas Zapryanov (L) and Rosen Zhelyazkov

PM and defence minister say Bulgaria is ready to defend its air space

Bulgaria is ready to down Russian drones. The Northeastern part of the country is actively being monitored, Minister of Defence Atanas Zapryanov said in an interview with bTV. Bulgaria will take out a loan of over EUR 3 billion for 9..

published on 9/15/25 9:47 AM
Yordanka Fandakova (right)

Changes in legislation will bring education closer to the demands of the 21st century

In order for young people to be adequately prepared for the challenges of contemporary life and the demands of today’s labour market, education needs to be reformed and supported by the necessary legislation. One such law is the Preschool and School..

published on 9/15/25 6:15 AM

It will be a sunny weekend with scattered clouds and a chance of light rain

Early on Saturday, temperatures will range from 11 to 20°C , with a minimum of 11°C in Sofia. There will be low cloud cover and reduced visibility in the lowlands and river valleys in the morning.  The day will be mostly sunny with scattered clouds...

published on 9/12/25 7:05 PM