Text size

EC: Bulgaria late in implementing RRP

published on 6/19/24 6:43 PM

Photo: БГНЕС

Bulgaria is significantly behind in the implementation of the Recovery and Resilience Plan (RRP), says the report on the country prepared by Brussels for 2024, reports BNT. Bulgaria's RRP amounts to 5.689 billion euro in grants. So far, Bulgaria has received only one payment of 1.37 billion euro.

However, the delay in the implementation of the plan is preventing the country from receiving the remaining funds. So far, Bulgaria has met only 22 out of 321 targets. The deadline for implementing the RRP is August 2026.

One of the European Commission's recommendations is to improve the business environment. Some 53% of investors in the country are not confident that their investments will be protected by the legal and judicial system. Bulgaria also faces challenges in decarbonising its economy and energy production. According to Brussels, the delayed liberalisation of the electricity market is hampering the transition to clean and affordable energy.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News bulgaria ec report rrp

More from category

4-year-old boy hit by ATV in Bulgaria's Sunny Beach resort has been taken out of intensive care

4-year-old Martin, who was hit by an ATV in a heavy accident on a sidewalk in Bulgaria's Sunny Beach resort is in stable condition and has been taken out of intensive care . This was reported by Nova TV, referring to a statement of Sofia's Emergency..

published on 9/16/25 5:13 PM

Bulgaria expects second and third payments under the Recovery and Resilience Plan by the end of the year

The second and third payments under the Recovery and Resilience Plan are expected by the end of the year, confirmed Deputy Minister of Finance Metodi Metodiev. He participated in a meeting of the budget committee in parliament, at which the..

published on 9/16/25 4:48 PM

Bulgarian navy destroys damaged surface drone about 80 km east of Varna

A damaged surface drone was destroyed today about 80 km east of Varna in the waters of the Black Sea by the Bulgarian Navy , the Ministry of Defense announced. The drone was discovered on September 15 by the Navy, in cooperation with allied forces..

published on 9/16/25 2:40 PM