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

Boyko Borissov

UPDATED: Political forces react to early results

The exit polls from all the polling agencies show that GERB-SDS, led by Boyko Borissov, is clearly the number one political force in the future 51st Bulgarian Parliament. In recent years, the party has refrained from commenting before the final results..

published on 10/27/24 9:05 PM

Very high turnout of Bulgarians in Brussels

Very high turnout by midday at one of the 16 polling stations in the heart of Europe - Brussels. 334 Bulgarians (as of 15:00 Bulgarian time) have so far exercised their right to vote in Section 2 of the Permanent Representation of Bulgaria to the EU,..

published on 10/27/24 8:36 PM

Trend and Alpha Research: 7 parties are certain to enter parliament, 2 on the brink

The first data from the exit poll by the Trend sociological agency , reported on Nova TV, show that 7 parties are certain to enter the new 51st National Assembly: GERB-SDS - 26.1% , We Continue the Change - Democratic Bulgaria (PP-DB) - 14.3%,..

published on 10/27/24 8:27 PM