Global Trade Alert
Global Trade Alert

Bulgaria: Introduction of grant scheme to support companies' wage costs

Announcement

14 Jul 2020

On 14 July 2020, the European Commission approved a wage subsidy scheme to support enterprises facing liquidity shortages which might cause employees layoff due to a drop in activity prompted by the Covid 19 outbreak.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

14 Jul 2020

Revocation date:

No revocation date

Financial grant

On 14 July 2020, the European Commission approved a BGN 40 (USD 23) million wage subsidy scheme from Bulgaria. The scheme will support companies and self-employed individuals that are, by and large, m...

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