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

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

Lyudmila Petkova
Photo: BGNES

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the parliament, caretaker Deputy Prime Minister and Minister of Finance Lyudmila Petkova said.

"You can see what a loss it is, because we are still on the second payment and we cannot submit a request for a third or a fourth, if we do not fulfil two or three of the investments. According to the second payment, we may have to return part of the funds that we received from the first payment", the minister said.

The changes to the plan must be sent by the middle of October this year in order for the European Commission to accept them. In case of a possible loss of funding, the funds are not calculated in the draft budget for next year, Lyudmila Petkova said. She admitted that this could jeopardize the criteria for fiscal stability, necessary for the adoption of the euro.



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

Valérie Hayer

Renew Europe calls on the European Commission to urgently send a mission to Bulgaria

The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to Bulgaria to assess the rule of law situation and to freeze all payments under the Recovery and..

published on 10/22/25 6:12 PM

Young doctors to receive long-awaited pay rise

“At coalition level, we have decided to meet the demands of young doctors regarding salary levels,” said Kostadin Angelov, chair of the parliamentary health committee, at a meeting of the panel, as reported by BNR's Mila Mladenova. Young doctors..

published on 10/22/25 4:55 PM

PM Rosen Zhelyazkov has invited King Charles III to visit Bulgaria again

Bulgaria's Prime Minister Rosen Zhelyazkov has invited King Charles III to visit Bulgaria again , the Council of Ministers announced. The two spoke at the royal reception organized on the occasion of the Berlin Process summit in London , which..

published on 10/22/25 3:34 PM