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

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

Lyudmila Petkova
Photo: BGNES

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the parliament, caretaker Deputy Prime Minister and Minister of Finance Lyudmila Petkova said.

"You can see what a loss it is, because we are still on the second payment and we cannot submit a request for a third or a fourth, if we do not fulfil two or three of the investments. According to the second payment, we may have to return part of the funds that we received from the first payment", the minister said.

The changes to the plan must be sent by the middle of October this year in order for the European Commission to accept them. In case of a possible loss of funding, the funds are not calculated in the draft budget for next year, Lyudmila Petkova said. She admitted that this could jeopardize the criteria for fiscal stability, necessary for the adoption of the euro.



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

Helicopters to conduct low-altitude flights over Sofia ahead of the Bulgarian Armed Forces Day

From today until May 6, helicopters of the Bulgarian Air Force will fly at low altitude over Sofia in preparation for a military parade marking the Day of Valour and the Bulgarian Armed Forces on May 6, the Ministry of Defence said. On this occasion,..

published on 5/4/25 10:36 AM

Mostly sunny with short-term precipitation

At night, clear and almost calm weather will prevail, with scattered high clouds over the western part of the country. The lowest temperatures will be between 6° and 11°C; in Sofia - around 6°C. On Sunday , sunny weather will..

published on 5/3/25 6:15 PM

Bulgarian students return with two silver medals from European Olympiad of Experimental Sciences

The Bulgarian student teams that participated in the European Olympiad of Experimental Sciences EOES 2025 in Zagreb have returned with two silver medals, the Ministry of Education and Science reported. The competition, which took..

published on 5/3/25 5:21 PM