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

Bulgarian government giving money to business to retain employees

Photo: BGNES

Starting March 31, employers can apply for state compensation to be used for retaining staff, Minister of Social Affairs Denitsa Sacheva has announced. Approval will be awaited for 7 days, after which assistance will be received within 5 more days, Minister Sacheva said. In order to benefit from the aid, companies must prove that they have at least a 20% drop in revenue. If the employer did not fully pay 40% of salaries owed to its employees, they will have to give back the state subsidy of 60% of staff salaries. 213,700 are those unemployed in Bulgaria, and since the beginning of the crisis, 10,000 more have been registered with the labor offices.




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

US congratulates Bulgaria, 6 other NATO allies on accession anniversaries

The United States has congratulated seven Eastern European countries, including Bulgaria, on the 20th anniversary of their accession to NATO . A statement by Secretary of State Anthony Blinken said: "Twenty years ago, as you became Allies, we were..

published on 3/29/24 1:17 PM

Bulgaria's MiG-29 jets will continue to fly even after the delivery of F-16s

Minister of Defense Todor Tagarev has surprisingly announced that a procedure is underway for 6 more engines for the MiG-29 jets of the Bulgarian Army and that the Soviet aircraft would not only fly until the arrival of the F-16s,..

published on 3/29/24 11:43 AM

Bulgarians are eager to spend money on tourist experiences

In line with European attitudes, 86% of Bulgarians believe that spending on experiences is always justified, according to a study by Mastercard in Europe, conducted among 16,141 users from 20 countries, investor.bg reports.  35% of..

published on 3/29/24 10:43 AM