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

EC approves redirection of 511m euros to help the Bulgarian economy

Photo: BGNES

Bulgaria is one of the first EU Member Sstates to respond to the economic threat and support its businesses and citizens at the backdrop of the pandemic. This is what Prime Minister Boyko Borissov wrote on his Facebook page after it became clear that the European Commission has approved an amendment to Bulgaria's Innovation and Competition programme, which will allow the mobilization of 511m euros from the European Regional Development Fund and the Cohesion Fund. These funds will be used to help the Bulgarian economy in its efforts to cope with the impact of the coronavirus crisis, BNR correspondent in Brussels, Angelina Piskova, reported. Financial support includes grants for micro, small and medium-sized enterprises, loan guarantees and more.

According to EU Commissioner for Cohesion and Reforms Elisa Ferreira, the measures have short-term goals to alleviate the crisis, and Bulgaria will continue to benefit from additional European support for its economic recovery.



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

Bulgaria rises in global digital quality of life ranking

Bulgaria has climbed to 11th place in this year’s Digital Quality of Life 2025 (DQL) index published by Surfshark, up from 18th last year, BTA reported. The index evaluates countries’ digital well-being across five dimensions: fixed broadband..

published on 11/25/25 9:45 AM
Todor Chobanov

Bulgaria expects the return of over 2,700 antiques from abroad

Around 90% of the antiques seized during an international operation targeting a cultural property trafficking network will be returned to Bulgaria, Deputy Minister of Culture Todor Chobanov told “Nova TV”.   “This is an unprecedented operation in..

published on 11/25/25 9:22 AM
Vladimir Perev

Hate speech in Skopje has led to an attack on journalist Vlado Perev

The journalist and doyen of the Bulgarian community in North Macedonia, Vladimir Perev, was verbally and physically attacked in a shop in Skopje. He himself reported the incident in a publication on the “Tribuna” website. Perev, who is 80 years..

published on 11/25/25 8:56 AM