Bulgaria to Receive EUR 15 B in EU Funding 2014-2020

Politics » BULGARIA IN EU | February 8, 2013, Friday // 20:41| Views: | Comments: 7
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Bulgaria: Bulgaria to Receive EUR 15 B in EU Funding 2014-2020

Bulgaria is one of the only four EU member states that will receive a bigger net sum from the EU budget in the 2014-2020 period compared to the current programming period.

The Balkan country will receive a total of EUR 15 B in that period, it was made clear on Friday. Some EUR 7 B will be allocated to the country under the Cohesion Fund.

The Cohesion Fund provides assistance for projects in the spheres of trans-European networks, transport infrastructure, and environmental protection.

Bulgaria will also receive an increase of over BGN 1.5 B in agriculture funding.

The country's net gains in the 2014-2020 period will be EUR 12 B.

On Friday, European Union leaders finally agreed a budget deal for the rest of the decade after a marathon 25-and-a-half hour negotiation session in Brussels.

The deal will lead to the first cut in EU spending in its 56-year history. The bloc's leaders agreed a EUR 34.4 Bcut over the next seven years.

The deal has to be approved by the European Parliament.

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Tags: EU budget, 2014-2020 budget, EU Summit, EU leaders, Bulgarian Prime Minister Boyko Borisov, Cohesion Fund, EU funding, budget cuts
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» To the forumComments (7)
Philippe - 9 Feb 2013 // 17:30:06

Ivanko - Dirk - is a bit Rakya confused.


Ivanko - 9 Feb 2013 // 11:35:11

Especially for Phillippe I compared the finds Belgium gets.

Over 200 billion!!!

Bulgaria gets not even 10% of that!!

And countries like the UK probably get a lot more....

Philippe - 9 Feb 2013 // 03:03:44

"The country's net gains in the 2014-2020 period will be EUR 12 B"

On the condition that BG finaly manages to tackle the corruption... several billions have been lost during the past 6 years.

sa-sha - 8 Feb 2013 // 22:27:02

«Quidquid id est, timeo Danaos et dona ferentes!» (~ Beware of "greeks" bearing gifts).....

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