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

Owners sought for the ferries "Heroes of Sevastopol" and "Heroes of Odessa"

The Bulgarian Maritime Training Center, is seeking state assistance to accelerate the procedures for the sale of the ferries "Heroes of Sevastopol" and "Heroes of Odessa" and the ship "Atanas Dimitrov", manager of the center, Dencho..

published on 6/5/25 4:42 PM

Bulgaria will not back down from its conditions for EU membership of North Macedonia

Bulgaria will not back down from its principled position for EU integration of the Western Balkans and is respecting its commitments, but it also insists that the Republic of North Macedonia respects the agreements reached. This..

published on 6/5/25 3:10 PM

Rosen Zhelyazkov: Adopting the euro does not mean we are abandoning our national currency

Bulgaria has been assessed on its merits for meeting the Maastricht convergence criteria, which shows the similarity of the Bulgarian economy with the European Union's requirements for sustainability and stability, Prime Minister..

published on 6/5/25 1:20 PM