Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

With the 11 billion euros approved by the EC, Bulgaria will achieve a middle European standard

Photo: Archive

Bulgaria's outgoing Deputy Prime Minister for European Funds and Minister of Finance Assen Vassilev welcomed today's decision of the European Commission, with which it approved financing for Bulgaria worth 11 billion euros. 

Nearly 50% of these funds will be invested in the most economically backward regions of Northern Bulgaria. Funds will also be allocated in the form of co-financing for the construction of the Shipka tunnel - the first tunnel that will pass under the Stara Planina Mountain Range (Balkan Range). 

According to Vassilev, with the provided funds Bulgaria will achieve a middle European standard of living.

EU funds are in line with the cohesion policy and aim to promote economic, social and territorial cohesion in the Bulgarian regions.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Brussels raises 2025 growth forecast for Bulgarian economy

Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks an upgrade from the 2% growth rate estimated in the Commission’s spring outlook. The expected GDP..

published on 11/17/25 1:44 PM
Zhecho Stankov

Lukoil sanctions derogation can be expended if necessary, says Energy Minister Stankov

Bulgaria has no additional conditions from the United States for the exception of the sanctions imposed on Lukoil to enter into force, Minister of Energy Zhecho Stankov told BNT.  If necessary, the postponement of the sanctions against Lukoil can be..

published on 11/17/25 12:21 PM
Minister of Regional Development and Public Works Ivan Ivanov (L) takes the helm from Elmedin Konaković

In 2026, Bulgaria takes over the presidency of the EU Strategy for the Danube Region for the second time

In 2026, Bulgaria will assume the presidency of the EU Strategy for the Danube Region for the second time. The symbolic handover of the presidency took place during the 14 th Annual Forum of the EU Strategy for the Danube Region (EUSDR) held in..

published on 11/17/25 10:02 AM