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

When traveling Bulgarians spend mostly on food

Just over 1 million Bulgarians traveled in the first quarter of 2024, 74.9% of them - in the country, 19.5% - abroad, 5.6% - at home and abroad. 88.2% of personal trips were organized independently (94.8% of trips in the country and 58.2% of those..

published on 5/27/24 5:38 PM

President: Politicians who stir up tensions must declare that they will fight for Bulgaria if necessary

"All NATO member states are involved in the war in Ukraine in one way or another - providing intelligence, targeting, weapons, ammunition and training," President Rumen Radev told journalists, commenting on caretaker Prime Minister Dimitar Glavchev's..

published on 5/27/24 5:33 PM
Peter Velev

Companies look to import workers from India amid labour shortage

For the first time, Bulgaria has less than 3 million working citizens out of a total population of less than 6.5 million , according to the National Statistical Institute. More than 280 000 jobs are currently unfilled, a figure that is expected to reach..

published on 5/27/24 2:33 PM