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

Inflatable boats used to transport migrants across the English Channel seized at border with Turkey

Eight inflatable boats used to transport migrants illegally from the EU to the UK across the English Channel have been confiscated at the Lesovo border checkpoint on the border with Turkey. They were declared to customs authorities as..

published on 1/21/25 2:29 PM

Train crash exposes serious problems in Bulgarian railways

There are 1,300 vacancies in the National Railway Infrastructure Company, or about 10% of the jobs - mainly for mechanics, traffic controllers, and switchmen. This was what the chair of the Union of Railway Workers in Bulgaria, Petar..

published on 1/21/25 1:52 PM
Kostadin Angelov

The names of new deputy ministers and regional governors are not known yet

Prof. Kostadin Angelov has been elected as the first rotating chair of the Council for Joint Government Management. The first meeting was attended by Minister of Finance Temenuzhka Petkova and Deputy Prime Minister Tomislav Donchev as..

published on 1/21/25 1:27 PM