Newsletter Database

216 articles found.
EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same p... [more]

EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same period, the country's GDP grew by 7.7% compared to the baseline scenario without EU funds, according to an analysis by the Ministry of Finance on the effect of EU funds on the national economy.

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Unemployment in August was 2.2 percentage points higher than one a year ago. At the end of August... [more]

Unemployment in August was 2.2 percentage points higher than one a year ago. At the end of August, the Employment Agencies registered 245,774 unemployed, an increase of 12,779 compared to July the decrease is 12,779 people. The increase of unemployment compared to August 2019 is 73,131 people.

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The government’s Employment Agency reported that the unemployment rate edged down by 0.4 percenta... [more]

The government’s Employment Agency reported that the unemployment rate edged down by 0.4 percentage points month-on-month to 7.9% in July. On an annual comparison basis, the registered unemployment rate rose by 2.6 percentage points in the month under review.

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The European Commission approved two Bulgarian wage-support programmes under its state aid tempor... [more]

The European Commission approved two Bulgarian wage-support programmes under its state aid temporary framework to support the economy during the Covid-19 pandemic. The first measure is the expanded and modified employment aid scheme, referred to usually as the “60:40” scheme, in which the government covers 60% of an employee’s salary and mandatory social security and healthcare contributions, while employers cover the rest.

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The State Social Insurance Budget Act (SSSI) for 2020 approved increased pension expenditures. Mo... [more]

The State Social Insurance Budget Act (SSSI) for 2020 approved increased pension expenditures. More than two million pensioners will receive an increase in their pension starting from July 1, 2020. The minimum amount of the basic pension will be increased to BGN 250 (€128).

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The government will extend the scope of its wage support scheme, introduced to cushion the impact... [more]

The government will extend the scope of its wage support scheme, introduced to cushion the impact of the coronavirus crisis, beyond July 1. More sectors will be able to benefit from it. Under the revised version of the scheme, known as ‘the 60-40 measure’, companies operating in the healthcare and private education sector can also apply for support.

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The wage support scheme introduced by the government to cushion the impact of the coronavirus pan... [more]

The wage support scheme introduced by the government to cushion the impact of the coronavirus pandemic will most likely remain in force after June 30 for filing applications, the labour minister announced. Under the scheme, the government is financing 60% of wage costs, including employers' social security contributions, of undertakings that would otherwise lay off staff due to the coronavirus outbreak.

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Bulgaria had the strongest growth in the employment rate of people aged 20 to 64 in the European ... [more]

Bulgaria had the strongest growth in the employment rate of people aged 20 to 64 in the European Union in 2019 according to Eurostat. The employment rate in Bulgaria rose by 2.6 percentage points to 75% in 2019. Its Europe 2020 Strategy target is to reach an employment rate of 76%. The figure for Bulgaria put it above the EU average employment rate in 2019.

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The European Commission has approved a €770 million Bulgarian wage subsidies support scheme for p... [more]

The European Commission has approved a €770 million Bulgarian wage subsidies support scheme for preserving employment in the sectors most affected by the confinement measures put in place due to the coronavirus outbreak. The scheme was approved under the State Aid Temporary Framework.

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The government announced an emergency package of €2.3 billion. It includes two measures to help b... [more]

The government announced an emergency package of €2.3 billion. It includes two measures to help businesses that face financial difficulties due to the coronavirus outbreak: one is focused on supporting employment, the other on creating buffers for firms that may be unable to pay their loans. Companies can benefit from government support for 60% of the salaries paid to employees so far.

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