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Brussels makes three economic recommendations to Bulgaria

published on 5/24/23 5:35 PM

Photo: Archive

In the recommendations of the European Commission to the economies of the EU countries, for Bulgaria it is said that, together with 14 other countries in the community, it does not comply with the requirement for a budget deficit of 3%. The deficit is expected to be 4.8% this year.

It is recommended that Sofia terminate the energy support measures planned until the end of 2023 and redirect the saved funds to reducing the state deficit.

It is recommended that Bulgaria should ensure effective management for the rapid implementation of the economic recovery plan and absorption of EU grants.

The third recommendation is that Bulgaria should reduce its dependence on fossil fuels, accelerate the transition to clean energy, quickly introduce renewable energy sources and opportunities to store the energy produced by them.

Radio Bulgaria Economy budget deficit clean energy energy energy support measures European Commission fossil fuels