Financial and business news from Bulgaria

Sacheva with very important news about state aid because of K-19

The 60/40 measure of June 15 will be with new requirements. The amendment of the measure envisages extending the scope of the group of persons who can benefit from the financial assistance.
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Opportunities will be given not only for subsidy, but employers will be able to apply to unemployed people who hire, said Social Minister Denitsa Sacheva after a meeting of the parliamentary committee, said Trud bg.

From her words it became clear that a new notification by the EC of the measure 60/40 will be needed after 15 June.

"There will be no compensation on salary, but a subsidy”, explained Sacheva. The measure will work after 15 June as it has been, but it will not have to have companies stopped work, ceased their operations, nor have employees to be part-time.

You will only need to prove a drop in your revenue.

Those who have benefited so far will still be able to benefit from it. Insurance income will be like the one that was announced in May month. There will be an opportunity for employers to hire unemployed persons, Denitsa Sacheva explained.

The other proposal is for employers to have their tax liabilities declared for 2020 but not paid at the time of application so that they can benefit.

Only at this stage for the Bus and Coach Transport sector this measure can become 80/20. There are proposals for such support to be given to the Tourism sector, but there are no definitive solutions yet.

Sacheva revealed how bartenders and waiters should be provided. “Insurance income is determined according to the national classification of posts and professions. She divides them into 9 classes, respectively.

In the last class are people with the lowest paid labor. Waiters, chefs and bartenders are in class eight. If an employer provides them in class 9, it is a violation and the employer tolerates fines,” explained Sacheva.

According to her, there may be incorrect employers if the insurance threshold is raised, as workers will switch to less working hours.

Regarding the proposal to grant financial assistance to children in the 8th grade, Sacheva explained that the largest drop-out rate is between 5th and 7th grade and thus aims to stimulate children and their parents. A criterion for obtaining such assistance will be the funds per head of the family.

11 million leva are allocated for future first-graders, probably for eighth graders this amount, she explained.

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