Economy Minister: BGN 156 Million Will Be Redirected to Closed Companies in Bulgaria

Business » FINANCE | December 2, 2020, Wednesday // 18:47
Bulgaria: Economy Minister: BGN 156 Million Will Be Redirected to Closed Companies in Bulgaria

BGN 156 million will be redirected for the implementation of the new anti-crisis measure in support of the businesses in Bulgaria closed by the order of the Minister of Health.

The aid will be differentiated, depending on the lost turnover, announced the Minister of Economy Lachezar Borisov.

There will be two rates - 10% or 20% of lost turnover, depending on the extent to which businesses are affected.

"Respectively 20 for non-trade activities and 10 for trade" - explained Vasil Velev from the Industrial Capital Association.

The affected businesses will submit their applications through the National Revenue Agency, and the goal is for the measure to be implemented in the coming days, added Minister Lachezar Borisov.

"What we have planned - we direct 156 million levs under this program. But let's see the expectations, the analyzes, what is currently expected for the business is that about 1 billion levs of turnover can be affected.

The money will come from the operational program "Innovation and Competitiveness", the minister told the relevant parliamentary committee.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: economy
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria