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

Bulgaria to receive first transfer under Recovery and Resilience Plan by end of the year

Atanas Pekanov
Photo: BGNES

Bulgaria will receive the first transfer of funds under the Recovery and Resilience Plan in the amount of 1.35 billion euros by the end of the year. In an interview with Nova TV, Deputy Prime Minister for European Funds Atanas Pekanov specified that in order to receive the funds, this country fulfilled twenty-two conditions. The funds will finance projects that already started, including digitization and modernization of small and medium-sized enterprises. The Deputy Prime Minister added that the second payment under the Plan is tied to the biggest number of measures – 66, as 22 of them require legislative changes related to the rule of law. They were prepared by caretaker minister Krum Zarkov and are already in parliament for discussion.

Pekanov also pointed out that the Recovery Plan was completed by Kiril Petkov's regular cabinet and there was a condition that Bulgaria reduces harmful emissions from the energy sector by 40% by 2026. However, according to Atanas Pekanov, in the current situation of high electricity prices, it doesn't make financial sense for thermal power plants to close.

When it comes to Bulgaria’s future accession to the Eurozone, the date remains January 1, 2024. According to Pekanov, this is a political decision that did not depend on the official cabinet.




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

Train owned by Bulgarian railway company crashes in Romania, one person dies

A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the train conductor of the private Bulgarian company, who is a Romanian citizen, died in the accident...

published on 2/19/25 4:46 PM

Sofia Airport is now officially renamed to Vasil Levski Airport

Sofia Airport has been officially renamed to Vasil Levski Airport at a solemn ceremony on February 19 . The ceremony was attended by Deputy Prime Minister and Minister of Transport Grozdan Karadjov, CEO of the airport operator “SOF Connect” Jesus..

published on 2/19/25 3:03 PM

A wounded Bulgarian citizen remains among the Hamas hostages in Gaza

Bulgarian diplomacy, without showing off, is using its influence to free the Bulgarian citizens who are hostages of Hamas in Gaza. We thanked the Bulgarian Ambassador Slavena Gergova and the EU Ambassador to Israel Dimitar Tsanchev, the Bulgarian..

published on 2/19/25 2:51 PM