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.
Today is the last day of operation of Bulgaria's second largest coal-fired power plant, ContourGlobal Maritsa East 3 TPP. From tomorrow, 130 of the company's 160 employees will be laid off. In recent weeks, the state, which has a 27% stake in the..
Bulgaria and Jordan will co-chair a high-level meeting in Sofia as part of the Aqaba Process Initiative . At the invitation of Bulgarian President Rumen Radev and His Majesty King Abdullah II of Jordan, heads of state, government officials,..
Work accidents last year were 114 more than in 2023, while deaths decreased by a quarter, the National Social Security Institute reports. A total of 3,108 work accidents were declared during this period - most of them occurred at..
The sea waves have pushed the oil ashore, which was released by a ship in the waters near Varna on the morning of March 31. The pollution was localized..
Partial state of emergency on the territory of the municipality of Varna is in effect until April 6 due to a fuel oil spill in the Black Sea, which has..
Only 5% of prisoners in Bulgaria find work after serving their sentence . According to the Varna-based Altruist Association, quoted by BNT, 75% return to..
+359 2 9336 661