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

President Radev meets with U.S. Embassy Interim Charge d'Affaires Susan Falatko

On Monday, President Rumen Radev met at the Presidential Palace with Susan Falatko, charge d'affaires ad interim at the U.S. Embassy in Sofia, the presidential press office said on Tuesday. The two officials discussed issues related to the strategic..

published on 3/4/25 3:17 PM

Two rescued after trying to reach Bulgaria's Black Sea coast from Odessa in inflatable dinghy

The border police vessel Obzor took part in an operation to rescue two foreigners in the Black Sea.  The distress call was received on the evening of March 2 via the 112 emergency number. It indicated that there was a rubber dinghy with two..

published on 3/4/25 3:08 PM
Ivaylo Mirchev

PP-DB's Ivaylo Mirchev concerned about Bulgaria's communication with Ukraine

In recent months, there have been problems with communication with Ukraine , said Ivaylo Mirchev, MP from "We Continue the Change - Democratic Bulgaria" (PP-DB) and a member of the leadership of "Yes, Bulgaria" which is part of the coalition. At the..

published on 3/4/25 1:37 PM