05.10.2020

They extend the measure 60/40 until the end of the year

The National Council for Tripartite Cooperation (NCTC) held an extraordinary online meeting convened by Deputy Prime Minister for Economic and Demographic Policy and Minister of Tourism Mariana Nikolova.

The Government and the social partners discussed a draft Decree amending Decree № 151 of 2020 (continuation of measure 60/40).

The proposed changes provide for:

- extension of the deadline for implementation of the measure from 1 October to 31 December 2020;

- application of the relaxed conditions defined for the sector "Hotels and restaurants" and in the sector "Other passenger land transport, not elsewhere classified" - from the Classification of Economic Activities;

- specifying the method for determining the means for maintaining the employment of employees by calculating the average daily insurance income;

- the employer, who has received funds for maintaining employment, to pay the employees remuneration in the amount not less than the amount of the insurance income for August 2020;

- differentiation of employers on the basis of their registration before or after September 2019 in terms of calculating the reduction of sales revenue by not less than 20 percent;

- regulation of a procedure for collection of non-refundable funds by the employers by the order of art. 110 of the Social Security Code.

The necessary financial resources in the amount of about BGN 750 million for the implementation of the changes will be provided by the Unemployment Fund of the state social insurance. The effect of the extension of the measure is expected to be reflected in the preservation of about 200 thousand jobs. The changes will take effect on October 1, 2020, and the funds for maintaining employment will be paid after the respective notification by the European Commission.