Text size

European Commission: National recovery plan means investment and reform

published on 12/1/20 6:18 PM

Photo: BGNES

"When we talk about national recovery and sustainability plans, we are talking about investments and reforms, qualitative changes in the economy that will bring sustainability and a more globally competitive European and Bulgarian economy." This was said by Tsvetan Kyulanov, the head of the Representation of the European Commission in Bulgaria, during the 24th Bulgarian Economic Forum, which was held online.

Kyulanov said that there was almost a doubling of the available funds from Europe which would enter the Bulgarian economy, emphasizing that it was important how we would use them, BTA reported.

The pandemic has aggravated the economic state of 70% of Bulgarian companies, the forum participants announced. According to 70% of the participants in the annual poll of the Bulgarian Industrial Association, the government's anti-crisis measures are inefficient.

The economic recovery of Bulgaria can start in 20212, the chairperson of the Bulgarian Economic Forum Georgi Tabakov said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Bulgarian Economic Forum economic recovery economy European Commission

More from category

Bulgaria calls for the construction of a bridge over the Danube at Silistra–Călărași

''Only two bridges connect Bulgaria and Romania along our 475-kilometer shared river border – this is a transport shortfall and a new 'Iron Curtain' within the European Union'', said Bulgaria’s Deputy Premier and Minister of Transport and..

published on 10/17/25 9:05 AM

Cloudy weather, rainfall expected in Bulgaria on Friday

On Friday, the minimum temperatures in Bulgaria will be from 6 to 11°C, in Sofia – 7°C. During the day, it will be cloudy over most of the country. In the afternoon, rain will begin in Western Bulgaria, in the mountains above 2,000 meters - snow, and..

published on 10/16/25 7:25 PM

South Africa introduces visa-free regime for Bulgarians for stays of up to 90 days

The government of South Africa is introducing a visa-free regime for Bulgarian citizens holding ordinary passports for stays of up to 90 days , the Embassy of Bulgaria in Pretoria announced on its Facebook page. “We express our gratitude to the..

published on 10/16/25 4:16 PM