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EU funds for recovery from Covid-19 crisis to be reported every 2 weeks

published on 7/28/20 6:30 PM

Photo: BGNES

Bulgaria's Economy Minister Lachezar Borissov has presented new measures to support businesses. The first package is fully funded by the budget with 594 m euros. The second package for 920 m euros will be implemented directly by the ministry. Another 200 m euros will be added to them under the EU's REACT-EU program.

Special emphasis is placed on investments in 56 projects for 350 million euros and over 8,000 jobs. Outside of them, new investments worth over 500 m euros are expected, which the country will try to attract, the minister said.

Employers' representatives will be part of a supervisory body for the distribution of EU funds.

A telephone for signals will be launched and every 2 weeks there will be a public reporting, Borissov promised.

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Radio Bulgaria News Covid-19 economic recovery Economy Minister Lachezar Borissov REACT-EU

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