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

The Bulgarian Government strongly condemns desecration of EC building

The government strongly condemned the desecration of the European Commission building in Bulgaria in a Facebook post. "Attacks against institutions, whether national or European, are unacceptable and contradict the principles of the rule of law...

published on 2/22/25 4:31 PM

Tension rises during protest against the euro in central Sofia

A protest in defense of the Bulgarian lev and against Bulgaria's entry into the Eurozone began at noon in the center of Sofia. The organizers are the Vazrazhdane party and civil organizations. The participants are demanding a broad public debate on the..

published on 2/22/25 4:13 PM

Danube Bridge connecting Bulgaria and Romania to be closed twice for 12 hours in March

The repairs to the Danube Bridge, connecting Bulgaria and Romania, have been partially halted , BNT reported. This was necessary due to the low temperatures in recent days in Ruse and the entire country.  It is expected that the repairs to the Danube..

published on 2/22/25 3:56 PM