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

European Commission approves first payment to Bulgaria under Recovery and Resilience Plan

European Commission President Ursula von der Leyen
Photo: ec.europa.eu/YÜGEN

The European Commission approved the allocation of EUR 1.37 billion in grants under Bulgaria’s Recovery and Resilience Plan.

“Bulgaria has made enough progress in the rollout of its Recovery and Resilience Plan to receive its first payment under NextGenerationEU. (…) Bulgaria will receive about EUR 1.4 billion in grants. This first payment is the result of Bulgaria's good and swift progress in implementing the first set of reforms and investments,” European Commission President Ursula von der Leyen announced in a video address.

The money is expected to be transferred to the country’s budget at the beginning of December. The spending will take place in 2023 which will lead to a record-high European financing budget next year.

Ursula von der Leyen commended Bulgaria for the progress it has made in the adoption of significant reforms for combating money laundering, improving minimum income coverage and providing social services. 

Atanas Pekanov, Deputy Prime Minister for EU Funds Management in the caretaker government on his part stated that the financing approved constitutes 23% of the total Recovery and Resilience Plan financial resource. Several bills, connected with the second payment to Bulgaria, are to be tabled within days. In his words, the second payment under the plan is not subject to a 40% reduction of carbon emissions from Bulgaria’s coal-fired power plants. 



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

Ministry of Labor and Social Policy to launch a program aimed at attracting Bulgarians from abroad

Starting this autumn, the Ministry of Labor and Social Policy will launch a program aimed at attracting Bulgarians from abroad. More than EUR 33 million will fund the initiative "I Choose Bulgaria", reported 24chasa.bg. The goal is to bring workers..

published on 7/15/25 12:05 PM
View from Santorini Island

The number of Bulgarians owning real estate abroad has increased by 20% in one year

According to the National Revenue Agency’s latest figures, 4,329 Bulgarians hold real estate in 68 countries. Their number has increased by 725 people in just one year.  Any Bulgarian who owns property in Greece should prepare for an income audit by..

published on 7/15/25 10:53 AM

President Radev's official visit to Croatia continues

On the second day of his official visit to Croatia, Bulgaria’s President Rumen Radev will visit the Bulgarian military cemetery in Vukovar, where 1,027 Bulgarian soldiers who died during World War II are buried. The memorial was destroyed during the..

published on 7/15/25 9:34 AM