30.12.2021

THE MEASURE FOR MAINTAINING EMPLOYMENT 60/40 IS EXTENDED BY TWO MONTHS

Employers will receive funds from the state to maintain the employment of workers in the economic activities affected by Kovid-19 in the first two months of 2022. This was decided by the government with the adoption of amendments to Decree № 151 of the Council of Ministers in 2020, in which the conditions and the order for their payment are determined.

Funds will continue to be paid for employees who during the period from March 13 to December 31, 2020 worked part-time, used leave under Art. 173a of the Labor Code or their work has been suspended due to temporary restrictions on activities.

Companies established before January 1, 2020, will be able to receive from the state 60 percent of the insurance income of employees for October 2021 and from 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 average monthly revenue for 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 October 2021 and the insurance contributions at the expense of the employer.

Companies established after January 1, 2020 will be entitled to funds of 60 percent of the insurance income of employees for October 2021 and the insurance contributions at the expense of the employer, if their income from sales in the month for which apply for support have decreased by at least 40% compared to the average monthly income for 2020. Given that the reduction is not less than 30% compared to the average monthly income for 2020, the state will support them by 50 per cent of the insurance income for October 2021 and of the insurance contributions at the expense of the employer.

Employers who have received funds to maintain the employment of employees are required to pay wages in an amount not less than the amount of insurance income for October 2021 and to pay due social security contributions for the 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 January 1, 2022.