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

Heat warning issued across the country, orange code for the plains

On Tuesday, minimum temperatures will range from 18 to 25°C . In Sofia, it will be around 19°C. It will be sunny and hot during the day. Cumulus clouds will develop in the afternoon, but there is only a low chance of rain. There will be light to moderate..

published on 7/7/25 7:05 PM

President: Bulgaria appreciates Qatar's contribution to the release of Galaxy Leader

Bulgaria appreciates highly Qatar's consistent efforts to end hostilities in the Middle East and the subsequent finding of a sustainable peaceful solution through diplomacy . This was what President Rumen Radev said at a meeting with Minister of State..

published on 7/7/25 6:33 PM

Varna Airport expands with open-air gate area

Terminal 2 has been modernised and expanded to include a new Gate Garden , which bgtourism.bg reports is the first fully equipped open-air gate area in Europe. This innovative project increases the terminal’s area by over 2,000 square meters and..

published on 7/7/25 6:14 PM