Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria to receive first transfer under Recovery and Resilience Plan by end of the year

Atanas Pekanov
Photo: BGNES

Bulgaria will receive the first transfer of funds under the Recovery and Resilience Plan in the amount of 1.35 billion euros by the end of the year. In an interview with Nova TV, Deputy Prime Minister for European Funds Atanas Pekanov specified that in order to receive the funds, this country fulfilled twenty-two conditions. The funds will finance projects that already started, including digitization and modernization of small and medium-sized enterprises. The Deputy Prime Minister added that the second payment under the Plan is tied to the biggest number of measures – 66, as 22 of them require legislative changes related to the rule of law. They were prepared by caretaker minister Krum Zarkov and are already in parliament for discussion.

Pekanov also pointed out that the Recovery Plan was completed by Kiril Petkov's regular cabinet and there was a condition that Bulgaria reduces harmful emissions from the energy sector by 40% by 2026. However, according to Atanas Pekanov, in the current situation of high electricity prices, it doesn't make financial sense for thermal power plants to close.

When it comes to Bulgaria’s future accession to the Eurozone, the date remains January 1, 2024. According to Pekanov, this is a political decision that did not depend on the official cabinet.




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

The third vote of no confidence fails with 54 votes "for"

The third vote of no confidence against the cabinet of Rosen Zhelyazkov has also proved unsuccessful. 130 of the MPs present from GERB - SDS, BSP - United Left, ITN and "DPS - New Beginning" voted against the proposal. 54 MPs from..

published on 7/4/25 2:12 PM

Diplomats in Sofia meet repressed Ljupco Georgievski from Bitola

Foreign Minister Georg Georgiev has met with ambassadors and diplomats from EU Member States, the US, Canada, the UK and Switzerland in Bulgaria. The diplomats were briefed in detail on the increasing trends of institutional..

published on 7/4/25 1:22 PM
Port of Varna

A concessionaire is being sought for the Port of Varna

A concession will be granted for   the Port of Varna, which is an opportunity for investments worth hundreds of millions, Deputy Prime Minister Grozdan Karadzhov told the Parliamentary Committee on Transport and Communications, as quoted by..

published on 7/4/25 11:12 AM