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

European Commission offers Bulgaria over EUR 9 billion for recovery

Photo: BTA

The European Commission offers Bulgaria access to EUR 9.282 billion from the Recovery and Resilience Facility after the Covid-19 epidemic. Bulgaria will receive grants to the tune of EUR 6.131 billion and will be able to borrow another EUR 3.151 billion. The loans will be paid off by the EU members depending on the amount of their contributions to the EU budget. The funds will be allocated in separate installments under the national programs for reforms. The money must be allotted in line with the EU objectives for carbon-free economy and digitalization. In June, the European Council will discuss the proposals. The loans are expected to be repaid until 2058 and the countries will pay only interest rates until 2027. The information announced earlier that Bulgaria may receive EUR 15 billion was only indicative, the EC specified.




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

Vice President Iotova: The postponement of the euro area convergence report is not fatal

The postponement of the request for a convergence report on Bulgaria's entry into the Eurozone is not fatal. It is more important to achieve stability in governance, finance and the economy, Vice President Iliana Iotova said.  She participated in the..

published on 2/2/25 4:16 PM
Carlos Contrera

VMRO calls for a boycott of food chains in Bulgaria

The Deputy Chairman of VMRO, Carlos Contrera, called for a boycott of large food chains in Bulgaria ''because of high prices''. His call on Facebook follows the example of a civic boycott of food chains in Croatia, which spread to other Balkan..

published on 2/2/25 12:34 PM

Economists call for an extraordinary convergence report on the introduction of the euro

Economists and financiers have started a petition demanding that a request for an extraordinary convergence report on the introduction of the euro in Bulgaria be submitted no later than February. "If urgent action is not taken by the government for..

published on 2/2/25 11:02 AM