Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Businesses unwilling to take state aid

Photo: BGNES

Only 8% of Bulgarian companies, mostly small ones, will receive state aid for wages under the 60:40 scheme. The remaining 92% will either cut staff, reduce salaries, and put employees on paid and unpaid leave, a study by the Bulgarian Industrial Association shows. Some businesses resort to laying off personnel because there is no forecast as to when the extraordinary circumstances will end.

33% of companies plan partial redundancies. 5% plan to lay off their entire workforce. Reducing wages is a temporary measure for 1/10 of companies. 40% of employers send their employees on leave.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria is 21st safest country out of 38 countries in Europe

Bulgaria is the 21 st safest country out of 38 countries in Europe, ranking between Poland and Spain. This country gets 1.643 points measured by the Global Peace Index (GPI) in the ranking of the NGO World Population Review .   The..

published on 10/18/24 10:36 AM

Latest generation of cars and the future of auto technologies demonstrated at motor show in Sofia

Sofia is hosting the biggest motor show in Europe this year, Alexander Kostadinov, Chairman of the Board of the Association of Car Manufacturers told the Bulgarian news agency BTA. The Sofia Motor Show 2024 will demonstrate the latest generation of..

published on 10/18/24 9:08 AM

Bulgargaz has not paid Turkish company BOTAŞ for the so-called reserved gas capacity since July

State-owed natural gas supplier Bulgargaz has hired a legal councillor to defend the interests of the Bulgarian gas company in connection with the contract for natural gas storage and supply with the Turkish-owned company BOTAŞ. Bulgargaz..

published on 10/18/24 8:49 AM