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

Bulgaria resubmits second payment request under the National Recovery and Resilience Plan

Bulgaria has resubmitted its second request for payment under the National Recovery and Resilience Plan (NRRP), amounting to EUR 653 million. The request covers the implementation of 59 milestones and targets, 20 of which were related to legislative..

published on 7/24/25 8:43 AM

Participants from eight countries takе part in the International Folklore Festival "Srebarna Pafta" in Kyustendil

From July 24 to 26, Kyustendil will host the 21st edition of the International Folklore Festival "Srebarna Pafta/Silver Belt Buckle" – a celebration of cultural diversity and dance art from around the world, BTA reports. The festival will bring..

published on 7/24/25 6:15 AM

Nationwide orange heat alert

On Thursday morning, temperatures will range from 19 to 23°C, 21°C  in Sofia. Considerable cloud cover is expected over the eastern regions during the morning, with showers likely in north-eastern Bulgaria. The rest of the country will see sunny weather...

published on 7/23/25 7:05 PM