Text size

With the 11 billion euros approved by the EC, Bulgaria will achieve a middle European standard

published on 7/6/22 4:46 PM

Photo: Archive

Bulgaria's outgoing Deputy Prime Minister for European Funds and Minister of Finance Assen Vassilev welcomed today's decision of the European Commission, with which it approved financing for Bulgaria worth 11 billion euros.

Nearly 50% of these funds will be invested in the most economically backward regions of Northern Bulgaria. Funds will also be allocated in the form of co-financing for the construction of the Shipka tunnel - the first tunnel that will pass under the Stara Planina Mountain Range (Balkan Range).

According to Vassilev, with the provided funds Bulgaria will achieve a middle European standard of living.

EU funds are in line with the cohesion policy and aim to promote economic, social and territorial cohesion in the Bulgarian regions.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Assen Vassilev Balkan Range EU funding European Commission Northern Bulgaria Shipka Pass Stara Planina tunnel

More from category

Energy Minister Zhecho Stankov (L) and Justice Minister Georgi Georgiev at a press conference.

Energy minister says Bulgaria’s fuel supplies safe until year-end

Fuel supplies for the domestic market are fully secured until the end of the year , Energy Minister Zhecho Stankov said, following the United States’ sanctions on Russian oil giants Lukoil and Rosneft. He added that the market would be closely monitored to..

published on 10/24/25 4:07 PM

Bulgaria’s defence industry offers opportunities for successful partnerships, President Rumen Radev says

“Bulgaria’s defence industry is renowned for its quality and enjoys an excellent international reputation. This offers great opportunities for close cooperation with Vietnam in the security sector,” President Rumen Radev said during a visit to the..

published on 10/24/25 3:11 PM

Cabinet to reallocate security service cars to President’s administration

The Council of Ministers has proposed transferring vehicles from the National Security Service (NSO) to the Presidential Administration through a legislative change, Bulgaria National Radio reporter Tsvetelina Stoyanova reported. This would not put a..

published on 10/24/25 2:04 PM