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

EC approves more than €1 billion from the Fair Transition Plan for Bulgaria

Photo: BGNES

Bulgaria will receive €1.2 billion from the Fair Transition Fund after the European Commission approved Bulgaria's Territorial Just Transition Plans, the Commission's press office said.

The funds will be allocated to the regions of Stara Zagora, Kyustendil and Pernik, which face the greatest socio-economic challenges in phasing out coal and reducing CO2 emissions. 

The government's priority is to ensure that this money reaches the regions as quickly, efficiently and transparently as possible, the cabinet's press office said. The funding will support the transition away from coal-fired power generation, retraining and upskilling, and the creation of new employment opportunities for more than 15,000 workers in the three regions. 

Over the next six years, mining areas will be rehabilitated and transformed into industrial zones and renewable energy sites. The funding will be used to support workers and introduce energy efficiency measures in the homes of energy-poor households. It will be used to build industrial parks and zones, develop renewable energy production and components, and diversify the economy through new businesses. In Stara Zagora, investments in large enterprises will be supported and so far more than 20 companies have expressed preliminary interest.

The programme will help Bulgaria meet the EU's climate and energy targets by 2030 and become a climate neutral economy by 2050.



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

Bulgarian military contingent returns from NATO mission in Kosovo

The contingent of the NATO Stabilization Force in Kosovo has been welcomed with a solemn ceremony in Blagoevgrad, BTA reports. In his welcome address, Defense Minister Atanas Zapryanov congratulated the servicemen on the successful..

published on 7/24/25 3:46 PM

Organized criminal group led by Russian citizen and involved in circulating counterfeit banknotes has been dismantled

An organized crime group involved in circulating counterfeit banknotes – dollars and euros, as well in holding counterfeit Bulgarian levs has been dismantled in Plovdiv, BTA reports. Six people have been arrested, including the..

published on 7/24/25 2:30 PM
Minister Valchev

Students on paid education will pay tuition fees up to 60% of those in the state-funded system

The fees in the paid form of education in higher education institutions will not exceed 60% of the cost of education of a student in the state-funded system, the National Assembly has finally decided, BNR reporter Violeta Ashikova..

published on 7/24/25 1:51 PM