Payments under the Recovery and Resilience Plan (RRP) have doubled in recent months, Deputy Prime Minister Tomislav Donchev has announced. He added that he was optimistic about receiving the delayed tranches and the remaining funds under the RRP. According to the Deputy Prime Minister, there is a high probability that the second and third tranches will be received this year.
"The big challenge is that within the first half of 2026, Bulgaria will need to disburse six payments," emphasized Tomislav Donchev. He also outlined the difficulty of implementing the investments within the limited timeframe, with a deadline of next summer.
As far as pension reform is concerned, the Deputy Prime Minister believes that a broad public debate is needed. According to him, the retirement age and pension contributions should not be increased. He added that the pension system has been in deficit for decades and that a large part of pensions is co-financed by the state budget.
The Bulgarian Ministry of Defense is requesting a postponement of one of the large payments under the contract for the second F-16 to 2028. Defense Minister Atanas Zapryanov said that this is necessary because Bulgaria will encounter difficulties in..
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..
The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
In 2026, Bulgaria will assume the presidency of the EU Strategy for the Danube Region for the second time. The symbolic handover of the presidency took..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
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