Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EC approves more than €1 billion from the Fair Transition Plan for Bulgaria

Photo: BGNES

Bulgaria will receive €1.2 billion from the Fair Transition Fund after the European Commission approved Bulgaria's Territorial Just Transition Plans, the Commission's press office said.

The funds will be allocated to the regions of Stara Zagora, Kyustendil and Pernik, which face the greatest socio-economic challenges in phasing out coal and reducing CO2 emissions. 

The government's priority is to ensure that this money reaches the regions as quickly, efficiently and transparently as possible, the cabinet's press office said. The funding will support the transition away from coal-fired power generation, retraining and upskilling, and the creation of new employment opportunities for more than 15,000 workers in the three regions. 

Over the next six years, mining areas will be rehabilitated and transformed into industrial zones and renewable energy sites. The funding will be used to support workers and introduce energy efficiency measures in the homes of energy-poor households. It will be used to build industrial parks and zones, develop renewable energy production and components, and diversify the economy through new businesses. In Stara Zagora, investments in large enterprises will be supported and so far more than 20 companies have expressed preliminary interest.

The programme will help Bulgaria meet the EU's climate and energy targets by 2030 and become a climate neutral economy by 2050.



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

Government aircraft evacuates Bulgarians from Lebanon, new flight expected

Some of the Bulgarians in Lebanon were evacuated on a government aircraft flight on Monday evening. The first group, consisting of 89 people, mostly families, mothers with children and elderly people, was welcomed by caretaker Premier Dimitar..

published on 10/1/24 8:46 AM
Energy Minister Vladimir Malinov

Alexandroupolis LNG Terminal starts commercial operations

The commercial launch of the liquefied natural gas terminal in Alexandroupolis, Greece, is expected today . The terminal has already successfully completed all commissioning tests. The opening was originally scheduled for April 2024, but was later..

published on 10/1/24 7:30 AM

Sunny, windy and cold in the morning

On Tuesday it will be sunny and windy in most parts of the country. Clouds will develop in the northeast and along the Black Sea coast, where it may rain in places.  Lows will be between 5 and 10°C, 5°C in Sofia. Highs will be between 16 and 21°C...

published on 9/30/24 7:05 PM