Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria will receive 1 billion euro more in new European Union budget

Over the next 7 years Bulgaria will receive EUR 29 billion

Photo: BGNES

After the marathon European Council meeting in Brussels, the European leaders struck a deal on the EU’s budget for the next 7 years and the coronavirus recovery plan.  Bulgaria is one of the countries which will receive more money – over 1 billion euro more – in the new EU budget,” Prime Minister Boyko Borissov announced in a video comment on Facebook. 

For the first time an additional 200 million euro is envisaged for the country, which will be directed towards the least developed regions of Bulgaria.  There, the country must focus on competitiveness, growth and job creation. 

European funding for the Cohesion and Agricultural Policy of Bulgaria is maintained, with EUR 9 billion earmarked for cohesion policy, which is EUR 800 million more than in the previous Multiannual Financial Framework.

Under the Next Generation EU Package, Bulgaria will be able to count on grants totaling 7.7 billion euros, under the Just Transition Fund it will receive 500 million euros, and for the protection of the EU's external border - over 200 million euros.

The total funds provided for Bulgaria under the new Multiannual Financial Framework and the Next Generation EU Package reach EUR 29 billion.

For the EU as a whole, the total amount of the Multiannual Financial Framework for the next 7 years will be EUR 1 trillion and 74 billion, and the total amount of the Next Generation EU Package will be EUR 750 billion.




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

Goritsa Grancharova-Kozhareva (L) and president Rumen Radev.

Expert: President has the prerogatives to refuse appointing a caretaker government

Bulgaria faces yet another conundrum in finding a way out of what has become a permanent political crisis after President Rumen Radev refused to approve one of the ministerial names proposed by caretaker prime minister candidate Goritsa..

published on 8/20/24 12:33 PM
Svetlin Tachev

Temporary governance is becoming a salient feature of the political situation in Bulgaria

Bulgaria is facing the 7 th snap parliamentary election in a row in three years. The reason is that, once again, all three exploratory mandates for the formation of a cabinet which the president hands to parties represented in parliament have..

updated on 8/6/24 12:58 PM

Railway line to Bulgaria has become unwanted by the new rulers in Skopje

In the past few weeks, the new government in North Macedonia, led by Hristijan Mickoski, surprisingly demanded that the construction of the railway line to Bulgaria be stopped. The arguments are that the project for building the..

published on 8/5/24 4:04 PM