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

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

Lyudmila Petkova
Photo: BGNES

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the parliament, caretaker Deputy Prime Minister and Minister of Finance Lyudmila Petkova said.

"You can see what a loss it is, because we are still on the second payment and we cannot submit a request for a third or a fourth, if we do not fulfil two or three of the investments. According to the second payment, we may have to return part of the funds that we received from the first payment", the minister said.

The changes to the plan must be sent by the middle of October this year in order for the European Commission to accept them. In case of a possible loss of funding, the funds are not calculated in the draft budget for next year, Lyudmila Petkova said. She admitted that this could jeopardize the criteria for fiscal stability, necessary for the adoption of the euro.



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

The weather remains cloudy and rainy

Over the next 24 hours, there will be no significant change in the weather conditions - it will be cloudy and rainy. On Wednesday, the precipitation will weaken and stop by the end of the day. There will be a moderate wind from..

published on 4/1/25 7:00 PM

Only 5% of prisoners in Bulgaria find work after release

Only 5% of prisoners in Bulgaria find work after serving their sentence . According to the Varna-based Altruist Association, quoted by BNT, 75% return to prison within the first year, mostly for theft. Experts from the organisation stress the need for..

published on 4/1/25 6:00 PM

The price of gas for April is 38.39 EUR/MWh

The Energy and Water Regulatory Commission has approved the price of natural gas for April at 38.39 EUR/MWh, excluding access, transmission, excise and VAT prices. At this price, Bulgargaz will sell natural gas to end suppliers and..

published on 4/1/25 4:10 PM