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

EC approves more than €1 billion from the Fair Transition Plan for Bulgaria

Photo: BGNES

Bulgaria will receive €1.2 billion from the Fair Transition Fund after the European Commission approved Bulgaria's Territorial Just Transition Plans, the Commission's press office said.

The funds will be allocated to the regions of Stara Zagora, Kyustendil and Pernik, which face the greatest socio-economic challenges in phasing out coal and reducing CO2 emissions. 

The government's priority is to ensure that this money reaches the regions as quickly, efficiently and transparently as possible, the cabinet's press office said. The funding will support the transition away from coal-fired power generation, retraining and upskilling, and the creation of new employment opportunities for more than 15,000 workers in the three regions. 

Over the next six years, mining areas will be rehabilitated and transformed into industrial zones and renewable energy sites. The funding will be used to support workers and introduce energy efficiency measures in the homes of energy-poor households. It will be used to build industrial parks and zones, develop renewable energy production and components, and diversify the economy through new businesses. In Stara Zagora, investments in large enterprises will be supported and so far more than 20 companies have expressed preliminary interest.

The programme will help Bulgaria meet the EU's climate and energy targets by 2030 and become a climate neutral economy by 2050.



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

Serbian community in Sofia supports the student protests in their homeland.

Serbian community in Sofia shows support for student protests in their homeland

Citizens of Serbia gathered on February 9 for a 15-minute silent protest under the slogan “Sofia supports the students” in front of the Serbian embassy in the Bulgarian capital. The organizers told BTA that they were standing in solidarity with the..

published on 2/9/25 2:30 PM

Foreign organizations support migrant trafficking along Bulgarian-Turkish border

On February 7, a border patrol with Frontex officers, after hours of surveillance, seized a car with two Italian citizens, one from Spain and one from Lithuania in the area of the town of Zvezdets. Those posing as members of an NGO met a group of 11..

published on 2/9/25 2:21 PM

For the 24th consecutive year Sofia is hosting the Vienna Ball

The Vienna Ball in Sofia was opened by the authentic orchestra of Johann Strauss, with which the organizers of the secular event paid tribute to the 200th anniversary of the birth of the Waltz King . The ball, which is under the patronage of the mayors..

published on 2/9/25 11:15 AM