“Bulgaria is to receive almost 29 billion euro of European funding over the next 7 years,” Prime Minister Boyko Borissov announced in a video comment on Facebook on the deal reached by the EU leaders in Brussels
“Bulgaria is getting 1 billion more for the new budget period. We are one of the few countries which will receive more money from the new budget. And this, bearing in mind the fact that the sum total of the new 7-year financial framework is down by 62 billion. For the first time Bulgaria will have 200 million leva for the poorest regions,” Boyko Borissov said.
According to preliminary estimates and projections of the Ministry of Finance, Bulgaria is to receive EUR 12.3 billion under the Next Generation EU recovery instrument. According to the final agreement, most of the funds (EUR 7.7 billion) will be in the form of grants. It is expected to receive grants to the tune of EUR 6.23 billion under the Recovery and Resilience Facility and another EUR 1.2 billion under the Just Transition Fund. Bulgaria will receive additional grant under the cohesion policy funding- EUR 656 million, as well as EUR 188 million aimed at developing the rural regions.
