Podcast in English
Text size
Bulgarian National Radio © 2025 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

Hackathon in Sofia to develop innovations for European Space Program

In the period November 7 to 9, Sofia Tech Park will host the tenth edition of CASSINI Hackathons & Mentoring, organized by the European Commission and the European Union Agency for the Space Programme (EUSPA). The hackathon will..

published on 11/7/25 7:15 AM

The weather remains mostly cloudy and rainy, but with no precipitation in the southwestern regions

On Friday , the lowest temperatures will be between 5 and 10°C; in Sofia - it will be around 6°C. During the day it will be cloudy and with precipitation. In Northwestern Bulgaria the amounts will be significant. Almost no..

published on 11/6/25 7:50 PM
Iliana Iotova

Iliana Iotova: No one has reassured Bulgarians that there will be no fuel problems

''I am not surprised that the president’s veto concerning the sale of Lukoil’s assets was overturned, because even on such a delicate, serious and worrying issue, there were no arguments or discussion'', Vice President Iliana Iotova told journalists..

published on 11/6/25 5:54 PM