Bulgaria ready to support businesses closing over Covid-19 with 20.4 mln euro

Bulgaria ready to support businesses closing over Covid-19 with 20.4 mln euro

Bulgaria's government is ready to introduce a 40 million levs ($24.0 million/20.4 million euro) programme for support of businesses that could be closed down due to the coronavirus pandemic, labour minister Denitsa Sacheva said.

The state aid is intended for businesses such as restaurants, education facilities, sports halls and gyms, which could discontinue their operations under orders of the health minister or municipal authorities, Sacheva said in a video file published by local TV channel bTV earlier this week.

"We will be able to finance 80% of the salaries of employees of those closed businesses. We are ready to provide support to 50,000 people," the labour minister said.

At this stage, the government is not planning any lockdowns but it is ready to take action depending on the epidemiological situation, Sacheva noted.

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