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

Bulgaria must quickly renegotiate clauses of the Recovery Plan

Finance Minister Assen Vassilev
Photo: BGNES

The 2023 state budget with a 3% deficit is feasible and does not "tighten the belts", Finance Minister Assen Vassilev told Nova TV. A total of BGN 250 million (EUR 125 million) has been additionally allocated for salary increases in various sectors, Vassilev said.

The funds for culture have also been increased, Vassilev added. If in 2022 funding for culture amounted to BGN 340 million (EUR 170 million), of which BGN 40 million (EUR 20 million) remained unused and returned, in the new budget it is BGN 357 million (EUR 178.5 million).

The government must finish the renegotiation with the European Commission on some clauses of the Recovery and Resilience Plan in a very short period of time in August and September. Parliament must also pass the Energy Act, which is one of the main pieces of legislation for the second payment under the Recovery Plan. The budget stipulates that the second payment under the Plan must come by the end of the year, which means that the legislation must be adopted by the end of September, Vassilev also pointed out.



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

NSI: Household expenses up 13%; incomes up 15% in last quarter

In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase compared to the same period in 2024. This data comes from the Household Budget Survey by the National..

published on 5/16/25 2:28 PM

Germany, Romania and Italy are Bulgaria's main trading partners in the EU

Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..

published on 5/13/25 2:10 PM

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM