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

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

Lyudmila Petkova
Photo: BGNES

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the parliament, caretaker Deputy Prime Minister and Minister of Finance Lyudmila Petkova said.

"You can see what a loss it is, because we are still on the second payment and we cannot submit a request for a third or a fourth, if we do not fulfil two or three of the investments. According to the second payment, we may have to return part of the funds that we received from the first payment", the minister said.

The changes to the plan must be sent by the middle of October this year in order for the European Commission to accept them. In case of a possible loss of funding, the funds are not calculated in the draft budget for next year, Lyudmila Petkova said. She admitted that this could jeopardize the criteria for fiscal stability, necessary for the adoption of the euro.



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

 Caretaker Minister of Labor and Social Policy Ivaylo Ivanov

The caretaker government will implement the law and the minimum wage will be set at EUR 545

The minimum wage will be set at BGN 1,077 (EUR 545) from next year, caretaker Minister of Labor and Social Policy Ivaylo Ivanov told bTV. ''The Labour Code stipulates that the minimum wage is calculated as 50% of the average wage. The government is..

published on 10/21/24 8:46 AM

Bulgaria and Romania will command regional headquarters of NATO's special operations

We are about to pass the last stage of certification of the Regional Special Operations Component Command Headquarters with Romania, Maj. Gen. Yavor Mateev, Commander of Bulgaria's Joint Special Operations Command told reporters...

published on 10/21/24 8:10 AM

The new week starts with sunny weather

Monday will be mostly sunny . There will be temporary increases in cloudiness over the western areas of the country. The wind will be light to moderate from the east-northeast. The lowest temperatures will be between minus 2° to 3°C,..

published on 10/20/24 6:10 PM