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

EC: Bulgaria late in implementing RRP

Photo: БГНЕС

Bulgaria is significantly behind in the implementation of the Recovery and Resilience Plan (RRP), says the report on the country prepared by Brussels for 2024, reports BNT. Bulgaria's RRP amounts to 5.689 billion euro in grants. So far, Bulgaria has received only one payment of 1.37 billion euro. 

However, the delay in the implementation of the plan is preventing the country from receiving the remaining funds. So far, Bulgaria has met only 22 out of 321 targets. The deadline for implementing the RRP is August 2026. 

One of the European Commission's recommendations is to improve the business environment. Some 53% of investors in the country are not confident that their investments will be protected by the legal and judicial system. Bulgaria also faces challenges in decarbonising its economy and energy production. According to Brussels, the delayed liberalisation of the electricity market is hampering the transition to clean and affordable energy.



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

 Caretaker Minister of Labor and Social Policy Ivaylo Ivanov

The caretaker government will implement the law and the minimum wage will be set at EUR 545

The minimum wage will be set at BGN 1,077 (EUR 545) from next year, caretaker Minister of Labor and Social Policy Ivaylo Ivanov told bTV. ''The Labour Code stipulates that the minimum wage is calculated as 50% of the average wage. The government is..

published on 10/21/24 8:46 AM

Bulgaria and Romania will command regional headquarters of NATO's special operations

We are about to pass the last stage of certification of the Regional Special Operations Component Command Headquarters with Romania, Maj. Gen. Yavor Mateev, Commander of Bulgaria's Joint Special Operations Command told reporters...

published on 10/21/24 8:10 AM

The new week starts with sunny weather

Monday will be mostly sunny . There will be temporary increases in cloudiness over the western areas of the country. The wind will be light to moderate from the east-northeast. The lowest temperatures will be between minus 2° to 3°C,..

published on 10/20/24 6:10 PM