Bulgaria Will Not Lose EU Money Even if Recovery Plan Is Delayed

Business | April 22, 2021, Thursday // 22:49
Bulgaria: Bulgaria Will Not Lose EU Money Even if Recovery Plan Is Delayed

There should be no panic that we will lose EU money if we do not submit the Recovery and Sustainability Plan in time.

Another 13 member states have not yet submitted their plans and are likely to ask for an extension. This was stated by the economist Prof. Dimitar Ivanov on BTV. According to him, the great danger is that the funds will be delayed and as soon as possible the National Assembly must inform Brussels that we do not have a government and we want an extension.

"The plan to restore Italy's third largest economy was rejected, and it was made by the savior of the euro Mario Draghi," said Prof. Dimitar Ivanov.

According to him, it is important that Germany's attempt to challenge the establishment of the Recovery and Sustainability Fund has failed in the German Constitutional court.

Dimitar Ivanov announced that Brussels has already given an indication for an extension. He advises the Bulgarian Parliament to notify the European Commission and request a formal extension of our national plan by May 20-25.

The expert is adamant that Bulgaria should not go to Brussels  with the plan of the previous government, which, according to him, has serious deficits, but he believes that the document can be used as a basis to work on.

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