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

EUR 29 billion for Bulgaria for next EU 7-year budget period: PM Boyko Borissov

| updated on 7/21/20 5:43 PM
Photo: facebook.com/boyko.borissov

“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.




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

Bulgarians accused of espionage in UK were planning to kidnap Russian investigative journalist

Bulgarian citizens in UK, who are accused of spying for Russia, planned to kidnap a Russian investigative journalist and take him off the island by boat, it became known at the last session of the trial at the Central Criminal Court..

published on 12/11/24 9:17 AM
Andrius Kubilius

Andrius Kubilius: NATO will make members increase defence spending

It is too early to predict how the events in Syria would affect the war in Ukraine. This is what EU Defense Commissioner Andrius Kubilius said in a blitz interview with BNR - Horizont. The European Commissioner recalled that according..

published on 12/11/24 8:50 AM

President Radev continues consultations on the formation of a government

On December 11 and 12, President Rumen Radev continues consultations with parliamentary groups in the 51st National Assembly before the first exploratory mandate for forming a government is handed out. Today, President Radev will meet with..

published on 12/11/24 6:05 AM