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

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

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Protest of Vazrazhdane party in support of the Bulgarian lev

Citizens gathered in the so-called triangle of power in Sofia, demanding the resignation of the government and keeping the Bulgarian lev, BNR reporters Nikolay Hristov and Svetoslava Kuzmanova informed. The protest was organized by..

published on 6/8/25 2:35 PM

Employees from EU work in hotels at Bulgaria's northern Black Sea coast

There are some foreign employees from EU Member States working in hotels on the northern Black Sea coast, Dimitar Dimitrov, chairman of the structure of the Bulgarian Hotel and Restaurant Association in Dobrich, told BTA. Most..

published on 6/8/25 12:54 PM

PP accuses the ruling coalition of preparing electricity price hike

The ruling coalition is preparing electricity price hike despite assurances that there would be no change for consumers, “We Continue the Change” (PP) say, BTA reports. The document highlights the assurances of the ruling..

published on 6/8/25 12:08 PM