Losing €8bn under RRP a huge mistake, former deputy prime minister for EU funds warns

Bulgaria has given up the fight for reforms and investments under the Recovery and Resilience Plan (RRP), former caretaker deputy prime minister for EU funds Atanas Pekanov told BNR. He said that Nikolai Denkov's government had made a serious mistake by failing to pass the necessary laws, when it had a parliamentary majority.

The former minister warned that if Bulgaria did not use the funds under the RRP, there would be long-term consequences because the country would miss out on important investments.

"They all believe that because the economy is improving, this money is not needed in Bulgaria, but this is a grave strategic mistake. Losing 8 billion euros by refusing to accept reforms that would be helpful would be a huge act of self-sabotage," Atanas Pekanov said. He added that Bulgaria does not stand well among EU countries because of political instability and the lack of a regular government.