Financial services

Bulgaria to spend over 1 bln levs to support employment

SOFIA (Reuters) – Bulgaria will spend over 1 billion levs ($566 million) to cover 60% of workers’ salaries in companies whose operations have been hit by the coronavirus crisis, Prime Minister Boyko Borissov said on Monday.

The government has approved the plan and will later on Monday vote to revise its 2020 budget to reflect the higher spending, Borissov said. The government will also ask Brussels to approve the state aid.

Reporting by Tsvetelia Tsolova; Editing by Jon Boyle


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