Approved changes to the measure "60 to 40"

30.06.2021

APPROVED CHANGES TO THE MEASURE "60 TO 40"

Employers will receive funds from the state to maintain the employment of employees until July 31, 2021.

This was decided by the caretaker government by adopting new terms and conditions for obtaining funds to preserve jobs in the economic activities affected by COVID-19.

Funds will continue to be paid to employees who, during the period from 13 March to 31 December 2020, worked part-time, took compulsory leave or had their work suspended due to temporary activity restrictions. They should have been in an employment relationship with the employer before 1 January 2021.

The companies established before June 1, 2019, will be able to receive from the state 60 percent of the insurance income of the workers for April 2021 and of the insurance contributions at the expense of the employer. To be eligible, their sales revenue during the month for which they apply for compensation must have decreased by at least 40% compared to the same month of 2019. In the event that the decline is not less than 30%, the support from the state will be 50 percent of the insurance income for April 2021 and the insurance contributions at the expense of the employer.

Employers established after June 1, 2019 will be entitled to funds of 60 percent of the employees' insurance income for April 2021 and of the insurance contributions at the expense of the employer, if their sales revenues in the month for which they apply for support, have decreased by not less than 40% compared to the average monthly income for 2020. Given that the decrease is not less than 30%, the state will support them with 50 percent of the insurance income for April 2021 and from the insurance contributions at the expense of the employer.

The companies that have received funds for maintaining the employment of the employees from the groups under the decree are obliged to pay remuneration in the amount not less than the amount of the insurance income for April 2021 and to pay the due insurance contributions for the respective month.

The funds will be transferred to the respective employer by bank transfer from the National Social Security Institute. The decree enters into force on June 1, 2021.