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

Prime Minister Glavchev inspects traffic flow at the Danube Bridge in Ruse

Our full accession to Schengen is an achievement of many governments and many teams, and we will not allow a spoonful of tar to be added to this, said caretaker Premier Dimitar Glavchev, who visited today the Danube Bridge border checkpoint in Ruse...

published on 1/10/25 12:12 PM
Caretaker Minister of Foreign Affairs Ivan Kondov

Bulgaria is expected to meet the requirements for visa-free travel to the US in 2025

Bulgaria has made significant progress in meeting the criteria for inclusion in the U.S. Visa Waiver Program, caretaker Minister of Foreign Affairs Ivan Kondov said in a written response to MP Martin Dimitrov. Given the requirement to reduce the..

published on 1/10/25 11:31 AM
Aftermath of the Los Angeles fires

The General Consulate of Bulgaria in Los Angeles issues a warning to Bulgarians in LA

The General Consulate of Bulgaria in Los Angeles  warned on its Facebook page that the fires in the metropolis have caused water contamination in some areas and urged Bulgarian citizens living in the affected areas to closely monitor the..

published on 1/10/25 9:12 AM