Brussels to Delay Cash Injection for Bulgaria over Money Woes - Report
The European Commission will delay cash injections for Bulgaria under the new operative programs due to financial woes, according to unconfirmed reports.
The European Commission fears that the payment of all legitimate bills for this and next year will put its budget in the red, Standard daily reported, citing sources.
Bulgaria is about to receive EUR 7 billion in 2014-2015 to fund already approved projects.
The payments will start no earlier than 2015, the source added.
The European Commission admitted for the first time to grave financial problems at the end of October last year.
Back then the European Union voted through EUR 2.7 B in new cash contributions from national treasuries after senior officials warned of the threat of chaos and unpaid EU bills.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria’s Defense Minister thinks there was an Explosion on Board Prigozhin’s Plane
- » EC is Preparing Criminal Proceedings against Bulgaria for Accessing Data from Criminal Record Certificates
- » The European Commission Started an Evaluation of the Bulgarian Recovery Plan
- » Nearly 60% of Bulgarians are Skeptical about Adopting the Euro
- » Bulgaria Is Late to Explain Its Position on N.Macedonia Says Diplomat
- » New German Government and Old Bulgarian "bad boy" Borissov