Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

European Commission offers Bulgaria over EUR 9 billion for recovery

Photo: BTA

The European Commission offers Bulgaria access to EUR 9.282 billion from the Recovery and Resilience Facility after the Covid-19 epidemic. Bulgaria will receive grants to the tune of EUR 6.131 billion and will be able to borrow another EUR 3.151 billion. The loans will be paid off by the EU members depending on the amount of their contributions to the EU budget. The funds will be allocated in separate installments under the national programs for reforms. The money must be allotted in line with the EU objectives for carbon-free economy and digitalization. In June, the European Council will discuss the proposals. The loans are expected to be repaid until 2058 and the countries will pay only interest rates until 2027. The information announced earlier that Bulgaria may receive EUR 15 billion was only indicative, the EC specified.




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

Spanish aircraft are helping Bulgaria in extinguishing the fire along the border with Greece

The fires in the south-western regions of Bulgaria continue , as more than 15,000 decares of forests have already burned. The battle with the fire has been going on for two weeks and at the moment it is active only on the territory..

published on 8/5/24 9:19 AM

The Bulgarian Navy celebrates its 145th anniversary

The 145 th anniversary of the establishment of the Bulgarian Navy will be celebrated tonight in the city of Ruse. At 8:00 p.m. in front of the Dohodno Zdanie (Revenue Building), a festive concert of the Representative..

published on 8/5/24 8:05 AM

The town of Ardino in the Rhodopes offers a one-week festive program

The fourth edition of "Ardino Days 2024" and "Festival of clean foods from the Rhodopes" this year will be held under the motto "Hand in Hand for Ardino". The week-long event, which starts today, will offer cultural, educational and..

published on 8/5/24 7:45 AM