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

European Commission offers Bulgaria over EUR 9 billion for recovery

Photo: BTA

The European Commission offers Bulgaria access to EUR 9.282 billion from the Recovery and Resilience Facility after the Covid-19 epidemic. Bulgaria will receive grants to the tune of EUR 6.131 billion and will be able to borrow another EUR 3.151 billion. The loans will be paid off by the EU members depending on the amount of their contributions to the EU budget. The funds will be allocated in separate installments under the national programs for reforms. The money must be allotted in line with the EU objectives for carbon-free economy and digitalization. In June, the European Council will discuss the proposals. The loans are expected to be repaid until 2058 and the countries will pay only interest rates until 2027. The information announced earlier that Bulgaria may receive EUR 15 billion was only indicative, the EC specified.




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

Bulgaria and the EU will not revise the negotiation framework with North Macedonia

Bulgaria does not accept statements and behavior contrary to both the 2017 Treaty of Friendship, Good Neighborliness and Cooperation, as well as to  other international agreements that North Macedonia has signed. President Rumen Radev..

published on 5/13/24 8:55 AM

Largest exhibition for agricultural machinery BATA AGRO to open today in Stara Zagora

The 16th edition of the Specialized Agricultural Exhibition BATA AGRO will be opened today in the presence of Bulgaria's Minister of Agriculture Georgi Tahov.  The Forum will be held from 13 to 17 May at the Stara Zagora Airport.  The..

published on 5/13/24 7:00 AM

Cloudy weather with showers on Monday

Monday will remain mostly cloudy. Rain will still fall in eastern Bulgaria before noon. In the afternoon there will be showers in places in western Bulgaria. Light to moderate winds will blow from the east-northeast.  Minimum temperatures will be..

published on 5/12/24 6:15 PM