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

MPs reject amendments on gender reassignment for children in first reading

The National Assembly has rejected in first reading the five proposed amendments to the Child Protection Act . The most controversial proposals relate to gender reassignment for children under the age of 18. The bill by "There Is Such a People" (ITN)..

published on 9/26/24 2:35 PM

Bulgaria and USA discuss the progress on the acquisition of Stryker combat vehicles

The first coordination meeting with the participation of all structures involved in the contract for the acquisition of Stryker combat vehicles for the Bulgarian Land Forces was held under the leadership of Defense Minister Atanas Zapryanov. The..

published on 9/26/24 11:58 AM

Albania to be decoupled from North Macedonia on the EU accession path

''Bulgaria and North Macedonia signed a Good Neighbor Agreement, which is part of the EU enlargement plan, and no one can deviate from it, said GERB leader Boyko Borisov, who is also the chairman of the National Assembly Committee on Foreign Policy...

published on 9/26/24 11:43 AM