Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

EC approves redirection of 511m euros to help the Bulgarian economy

Photo: BGNES

Bulgaria is one of the first EU Member Sstates to respond to the economic threat and support its businesses and citizens at the backdrop of the pandemic. This is what Prime Minister Boyko Borissov wrote on his Facebook page after it became clear that the European Commission has approved an amendment to Bulgaria's Innovation and Competition programme, which will allow the mobilization of 511m euros from the European Regional Development Fund and the Cohesion Fund. These funds will be used to help the Bulgarian economy in its efforts to cope with the impact of the coronavirus crisis, BNR correspondent in Brussels, Angelina Piskova, reported. Financial support includes grants for micro, small and medium-sized enterprises, loan guarantees and more.

According to EU Commissioner for Cohesion and Reforms Elisa Ferreira, the measures have short-term goals to alleviate the crisis, and Bulgaria will continue to benefit from additional European support for its economic recovery.



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

President Radev hopes that North Macedonia will demonstrate political will and open its path to the EU

President Rumen Radev held a phone conversation with the EU Special Representative for the Belgrade-Pristina Dialogue and other Western Balkan Regional Issues Miroslav Lajčák. The two discussed aspects of the European integration process of the..

published on 1/22/25 5:53 PM

UPDATED Yemen's Houthis release Galaxy Leader crew, including two Bulgarians

Yemen's Houthi rebels from the Ansar Allah group have released the crew of the Galaxy Leader, which was hijacked in the Red Sea in late 2023, BNT reported. The captain and the chief mate are Bulgarian citizens. Reuters reports that the crew was on..

published on 1/22/25 3:55 PM

Prime Minister Zhelyazkov outlines new government's plans to European Commission

"During our meeting with the President of the European Commission, it was crucial to reaffirm the mutual trust between the new Bulgarian government and the new Commission, " said Bulgarian Prime Minister Rosen Zhelyazkov after his meeting with Ursula von..

published on 1/22/25 1:17 PM