The European Commission approved the allocation of EUR 1.37 billion in grants under Bulgaria’s Recovery and Resilience Plan.
“Bulgaria has made enough progress in the rollout of its Recovery and Resilience Plan to receive its first payment under NextGenerationEU. (…) Bulgaria will receive about EUR 1.4 billion in grants. This first payment is the result of Bulgaria's good and swift progress in implementing the first set of reforms and investments,” European Commission President Ursula von der Leyen announced in a video address.
The money is expected to be transferred to the country’s budget at the beginning of December. The spending will take place in 2023 which will lead to a record-high European financing budget next year.
Ursula von der Leyen commended Bulgaria for the progress it has made in the adoption of significant reforms for combating money laundering, improving minimum income coverage and providing social services.
Atanas Pekanov, Deputy Prime Minister for EU Funds Management in the caretaker government on his part stated that the financing approved constitutes 23% of the total Recovery and Resilience Plan financial resource. Several bills, connected with the second payment to Bulgaria, are to be tabled within days. In his words, the second payment under the plan is not subject to a 40% reduction of carbon emissions from Bulgaria’s coal-fired power plants.
Hungary’s Deputy Interior Minister Bence Retvari stated that the abolition of Bulgaria and Romania’s Schengen borders by land is very important to the Hungarian presidency of the Council of the EU. We want to reach a decision by the end of the..
Yesterday, a new attempt was made to insinuate that Bulgaria would give cash to Ukraine, GERB leader Boyko Borissov said in parliament. At the closed session of the National Assembly discussing the NATO Summit in Washington, it became..
Bulgarian archaeologists have found a very well-preserved two-meter-high statue with a head In the ancient city of Heraclea Sintica. It was made by an artist who used a whole marble block to make the statue in the 2nd century AD..
Hungary’s Deputy Interior Minister Bence Retvari stated that the abolition of Bulgaria and Romania’s Schengen borders by land is very important to the..
ContourGlobal Maritsa East 3 TPP has announced that another 160 people from the coal-fired power plant will be laid off in the coming months after the..
The position Bulgaria is going to the NATO summit with indicates that Bulgaria could offer Ukraine EUR 80 million , caretaker PM Dimitar Glavchev told..
+359 2 9336 661