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

EC approves redirection of 511m euros to help the Bulgarian economy

Photo: BGNES

Bulgaria is one of the first EU Member Sstates to respond to the economic threat and support its businesses and citizens at the backdrop of the pandemic. This is what Prime Minister Boyko Borissov wrote on his Facebook page after it became clear that the European Commission has approved an amendment to Bulgaria's Innovation and Competition programme, which will allow the mobilization of 511m euros from the European Regional Development Fund and the Cohesion Fund. These funds will be used to help the Bulgarian economy in its efforts to cope with the impact of the coronavirus crisis, BNR correspondent in Brussels, Angelina Piskova, reported. Financial support includes grants for micro, small and medium-sized enterprises, loan guarantees and more.

According to EU Commissioner for Cohesion and Reforms Elisa Ferreira, the measures have short-term goals to alleviate the crisis, and Bulgaria will continue to benefit from additional European support for its economic recovery.



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

Polling station in Las Vegas

Final result: Alliance for Rights and Freedoms tops the vote of Bulgarians abroad

With 100% of the processed protocols in the Central Election Commission of the voting abroad, the results show that the Alliance for Rights and Freedoms is first with 22.65%.  Second is the PP-DB coalition with 20.80%, followed by Vazrazhdane..

published on 10/28/24 10:51 AM

Real estate market in Bulgaria freezes at 2023 levels

The real estate market in Bulgaria "froze" at last year's levels. According to the data of the National Association "Real Estate", quoted by BTA, an exception are the big cities, where there is an increase in the number of transactions. By the end of..

published on 10/28/24 9:28 AM

Voting abroad for the Bulgarian parliamentary election finishes

At 05:00 am Bulgarian time on 28 October, Election Day abroad ended on the West Coast of the USA and Canada. There were 53 polling stations open in the US and 15 in Canada.   According to Bulgaria's diplomatic and consular missions, all polling..

updated on 10/28/24 8:37 AM