BGN 1.6 billion have been paid to 13,000 companies under the 60/40 measure

30.12.2021

BGN 1.6 BILLION HAVE BEEN PAID TO 13,000 COMPANIES UNDER THE 60/40 MEASURE

Since the start of the so-called measure "60/40" so far over BGN 1.6 billion have been paid, according to data from an analysis of experts from the National Social Security Institute (NSSI). The analysis was published in the latest NSSI newsletter, and the document contains data up to date as of December 9, 2021.

The measure was launched in April 2020 and is currently set for the end of 2021.

For at least one month, a total of 13.4 thousand employers and 325.5 thousand employees took part in the measure. The four sectors with the largest share of disbursements are manufacturing (41.6 per cent), hotels and restaurants (14.6 per cent), trade, repair of motor vehicles and motorcycles (10.5 per cent), transport, warehousing and post offices (9.5 percent).

Nearly 82% of all retained jobs and nearly 70% of employers who participated in the measure for at least one month are concentrated in these sectors, the analysis shows.

The regional view shows that about 68% of the funds are concentrated in five areas. These are Sofia-city (36.6 per cent), Stara Zagora (12.8 per cent), Plovdiv (6.6 per cent), Varna (6.2 per cent) and Burgas (5.5 per cent), which are also the areas with the largest population and with the best economic indicators and the state of the labor market.

The largest share of the amount was received by enterprises with 250 and more insured. These are the employers who received support for maintaining the largest number of jobs (36.5 percent). Enterprises with up to 9 insured during the month of participation in the measure account for 56.6 percent of all employers who participated in the measure for at least one month.

The average number of months of participation in the measure is 7.9 for employers and 7 for employees. The distribution by number of months shows that just under half of both employers and employees participated for a period of no more than 5 months.

The distribution of participants by gender shows almost equal shares of men and women. By age groups, employees between the ages of 40 and 54 predominate, the analysis says.