Amendments to the Labor Code and the New Terms of the 60/40 Mechanism

The Bulgarian parliament adopted amendments to the Labor Code which have a major impact on employers and the relations with their employees. Additionally, as part of the emergency economic measures related to COVID-19 the government resolved on extending the period of receipt of funding under the 60/40 mechanism.

What are the latest amendments to the Labor Code and the new terms of the 60/40 mechanism?

Read summary of some of the more important aspects of the new amendments in the latest issue of Legal News from KPMG.