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

Ferry operations near Oryahovo have been suspended due to low water levels in the Danube River

Ferry operations near Oryahovo have been suspended d ue to low water levels in the Danube River.  The situation is not unprecedented and occurs every summer, but this year the water level has dropped earlier than usual, said the Oryahovo-Bechet Ferry..

published on 7/4/25 10:42 AM

President Radev and Premier Zhelyazkov send greetings to the United States on the occasion of Independence Day

Bulgaria’s Premier Rosen Zhelyazkov extended his warmest congratulations to the President, the government and the people of the United States on the occasion of July 4 – Independence Day. ''Bulgaria and the United States continue to deepen their..

published on 7/4/25 10:26 AM
MEP Andrey Kovatchev

EP to drop all references to "Macedonian identity and language" from Skopje's progress report

The three largest parties in the European Parliament — the European People’s Party (EPP), the Progressive Alliance of Socialists and Democrats (S&D) and Renew Europe have reached an agreement to remove all references to ''Macedonian..

published on 7/4/25 9:51 AM