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

EC: Bulgaria late in implementing RRP

Photo: БГНЕС

Bulgaria is significantly behind in the implementation of the Recovery and Resilience Plan (RRP), says the report on the country prepared by Brussels for 2024, reports BNT. Bulgaria's RRP amounts to 5.689 billion euro in grants. So far, Bulgaria has received only one payment of 1.37 billion euro. 

However, the delay in the implementation of the plan is preventing the country from receiving the remaining funds. So far, Bulgaria has met only 22 out of 321 targets. The deadline for implementing the RRP is August 2026. 

One of the European Commission's recommendations is to improve the business environment. Some 53% of investors in the country are not confident that their investments will be protected by the legal and judicial system. Bulgaria also faces challenges in decarbonising its economy and energy production. According to Brussels, the delayed liberalisation of the electricity market is hampering the transition to clean and affordable energy.



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

Vice President Iliana Iotova: "Because of the changes in the Constitution, MPs are unable to elect Parliamentary Speaker"

Vice President Iliana Iotova pointed out that the changed texts in the Constitution have turned against their creators.  Yotova told journalists that "because of these changes in the Constitution, the Speaker of the National Assembly cannot be..

published on 11/21/24 4:45 PM

Bulgaria is among the first in the EU in new car registrations

New car sales in Bulgaria in October increased three times more than the average for the European Union , where the purchase of new cars is only 1.1%.  According to the Association of European Automobile Manufacturers, 75.9% of cars registered in..

published on 11/21/24 3:45 PM

Teachers in Bulgaria ready to go on strike, demand pay rise

77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a national survey by Podkrepa trade union. Half of those surveyed are in favour of a nation-wide..

published on 11/21/24 1:30 PM