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

With the 11 billion euros approved by the EC, Bulgaria will achieve a middle European standard

Photo: Archive

Bulgaria's outgoing Deputy Prime Minister for European Funds and Minister of Finance Assen Vassilev welcomed today's decision of the European Commission, with which it approved financing for Bulgaria worth 11 billion euros. 

Nearly 50% of these funds will be invested in the most economically backward regions of Northern Bulgaria. Funds will also be allocated in the form of co-financing for the construction of the Shipka tunnel - the first tunnel that will pass under the Stara Planina Mountain Range (Balkan Range). 

According to Vassilev, with the provided funds Bulgaria will achieve a middle European standard of living.

EU funds are in line with the cohesion policy and aim to promote economic, social and territorial cohesion in the Bulgarian regions.



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

Weather forecast: Sun on Sunday, temperatures reach 23° C.

On Sunday there will be sun with scattered high clouds. Fog will temporarily form in the morning in some valleys and around water basins. Minimum temperatures 6-11° C., for Sofia around 7° C. Maximum temperatures 18-23° C., for Sofia 20° C...

published on 10/12/24 6:10 PM

Riders end motorcycle season with motorcycle procession in support of organ donation

A motorcycle procession in support of organ donation and transplantation passed through the streets of Sofia. Under the motto “Yes to life!”, the riders followed the route from the National Museum of History to the National Assembly building,..

published on 10/12/24 3:08 PM

Bulgaria in 8th position as best place to invest in real estate in Europe

Bulgaria is the 8 th best place to invest in real estate in Europe, according to a survey by the British company 1st Move International. According to the analysis,the annual gross rental yield in this country is 4.65%. At the same time,..

published on 10/12/24 2:24 PM