9 Countries Get Deadline Extension by Sept 2015 for Extra Payments to EU Budget
The nine EU countries which were supposed to make extra contributions to the EU budget by December 1, 2014, were granted a postponement by September 1, 2015 on Friday.
Friday’s decision of the finance and economy ministers of the 28 EU Member States stipulated an opportunity for making the payments in installments.
Bulgaria’s additional contribution to the EU budget amounts to EUR 7 M, according to reports of the Bulgarian National Radio.
Speaking after a meeting of the Economic and Financial Affairs Council, EU Budget Commissioner Kristalina Georgieva informed that the UK would have to make an extra payment of around EUR 1 B.
The European Commission initially demanded that UK pay an additional EU budget bill of EUR 2.1 B by December 1, 2014 but the country managed to negotiate an extension of the deadline by September 2015.
British Finance Minister George Osborne confirmed that the country’s EU budget bill had been halved, adding that the UK would pay it in two installments in the second half of 2015.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » 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
- » EC Opens Infringement Proceedings against 19 EU Member States, Including Bulgaria