Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 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

Slight increase in temperatures on Thursday

On Thursday there will be significant cloudiness with rain showers. The lowest temperature will slightly rise and will be between 4° and 9°C; in Sofia - around 5°C. The highest will be between 13° and 18°C; in Sofia - around 13°C...

published on 4/2/25 7:15 PM

Bulgarian supercomputer Discoverer has been upgraded with new capabilities

The upgrade of the Bulgarian supercomputer Discoverer has been completed successfully, and the machine now has new systems capable of additional specialized services in the sphere of AI in business, the science community and the public sector in the..

published on 4/2/25 5:19 PM

The first F-16 fighter aircraft for the Bulgarian army has arrived

The first F-16 Block 70 aircraft for the Bulgarian army landed today at Graf Ignatievo air base. Before landing, it flew past the renewed multipurpose runway, renovated for the new fighter aircraft – the only runway in the country suited to..

published on 4/2/25 4:10 PM