Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure BG-2021-49/2166 – Updated – measures in Bulgaria
|Country||Bulgaria , applies nationwide|
|Time period||Temporary, 01 December 2021 – 23 December 2021|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Access to finance
|Author||Tsetomila Sabcheva and Luboslav Kostov (Citub)|
|Measure added||13 January 2022 (updated 01 March 2023)|
The European Commission has approved in November 2021 a grant aid of BGN 40 million (€20 million) to Bulgarian bus carriers. The aid was proposed during the state budget update aims to support the transport sector. The sector is reporting a drop in revenue and limited passenger traffic due to the pandemic.
The grant aid is provided to companies until the end of 2021 and will serve as compensation for the revenue loss. The aid is allowed to be paid to large bus carriers and municipalities.
The Government approved additional expenditures of up to BGN 40 million (€20 million) from the 2021 budget of the Ministry of Transport, Information Technology and Communications. The funds provided are at the expense of the contingency and/ or urgent expenditure reserve for 2021 from the central budget in the part for complementary and compensatory measures in relation to COVID-19.
The grant is allowed to companies with a reported decline in turnover of at least 20% in 2021 (compared to 2019).
The grant aid cannot be over 8% of net company revenues declared in 2019. The maximum grant received per company is set at BGN 200,000 (€100,000) for micro and small bus carriers, BGN 400,000 (€200,000) for medium bus carriers and up to BGN 3.5 million (€1.8 million) for large bus carriers.
The grant aid is allocated to micro, small, medium and large enterprises that are licensed carriers for passenger transport and develop their main economic activity in one of the sectors: Urban and suburban passenger land transport and Other passenger land transport. Grant aid will be provided if the bus carriers meet the following criteria:
Up to 23 December 2021 a total of 565 applications are submitted by bus carriers.
|Does not apply to workers||
Sector specific set of companies
|Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement as case not in social partner domain||No involvement as case not in social partner domain|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
No involvement is registered at the time of adoption of the measure.
No views are registered at the time of adoption of the measure.
|Economic area||Sector (NACE level 2)|
|H - Transportation And Storage||H49 Land transport and transport via pipelines|
This case is not occupation-specific.
Eurofound (2022), Grant aid to bus carriers, measure BG-2021-49/2166 (measures in Bulgaria), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/BG-2021-49_2166.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.