The Bulgarian job retention scheme, known as "60/40", will be extended in order to continue in June and July. This has been decided at a meeting of the National Council for Tripartite Cooperation. It is envisaged that companies with a 40-percent or higher decline of revenues caused by the pandemic will receive 60% compensation for salaries based on insurance income for April 2021 and in case of a decline of over 30% - the compensation will be 50%. Currently, the requirement for all companies is to prove a drop in revenue of over 20%, reporter Tsvetelina Stoyanova informed.
Bulgaria and Vietnam should make the most of their strategic geographic positions – Vietnam in Southeast Asia and Bulgaria in Southeast Europe – acting as a gateway for goods and services from Asia to Europe , President Rumen Radev said on Thursday. He..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an open-source AI model that gives industrial robots 3D spatial intelligence . The technology is..
To Lam, the General Secretary of the Communist Party of Vietnam, is on an official visit to Bulgaria. He was welcomed at a ceremony in St. Alexander Nevsky Square by President Rumen Radev and his wife, Desislava Radeva, as reported by the Bulgarian..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an..
The first regular direct flights between Bulgaria and the United States are expected to begin in April 2026, Transport and Communications Minister..
Mostly Cloudy
Cloudy
Overcast, rain
Partly cloudy, chance of rain
Partly Cloudy