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

Bulgaria to receive first transfer under Recovery and Resilience Plan by end of the year

Atanas Pekanov
Photo: BGNES

Bulgaria will receive the first transfer of funds under the Recovery and Resilience Plan in the amount of 1.35 billion euros by the end of the year. In an interview with Nova TV, Deputy Prime Minister for European Funds Atanas Pekanov specified that in order to receive the funds, this country fulfilled twenty-two conditions. The funds will finance projects that already started, including digitization and modernization of small and medium-sized enterprises. The Deputy Prime Minister added that the second payment under the Plan is tied to the biggest number of measures – 66, as 22 of them require legislative changes related to the rule of law. They were prepared by caretaker minister Krum Zarkov and are already in parliament for discussion.

Pekanov also pointed out that the Recovery Plan was completed by Kiril Petkov's regular cabinet and there was a condition that Bulgaria reduces harmful emissions from the energy sector by 40% by 2026. However, according to Atanas Pekanov, in the current situation of high electricity prices, it doesn't make financial sense for thermal power plants to close.

When it comes to Bulgaria’s future accession to the Eurozone, the date remains January 1, 2024. According to Pekanov, this is a political decision that did not depend on the official cabinet.




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

Prime Minister Rosen Zhelyazkov supports the peace plan for Ukraine

“Borders cannot be changed by force, and Ukraine’s long-term security must be guaranteed”, Bulgaria’s Premier Rossen Zhelyazkov said during a videoconference meeting of the “Coalition of the Willing”, led by French President Emmanuel Macron and UK..

published on 11/26/25 8:57 AM

Bulgaria and China discuss cooperation in the automotive sector

Business forum on the topic "Bulgaria - China: cooperation in the automotive sector" is being held on November 26 in Sofia. Its organizers are the Bulgarian Chamber of Commerce and Industry and the Embassy of the People's Republic of..

published on 11/26/25 7:30 AM

Draft budget 2026 sparks protests

The Bulgarian Industrial Capital Association has called for participation in a protest on November 26 against the budget for 2026, which is about to be adopted at second reading. "We call not only our members, but also all..

published on 11/26/25 6:50 AM