EC Economic Recovery Plan Earmarks EUR 70 M for Bulgaria

Politics » BULGARIA IN EU | March 18, 2009, Wednesday // 11:44
Bulgaria EC Economic Recovery Plan Earmarks EUR 70 M for Bulgaria: EC Economic Recovery Plan Earmarks EUR 70 M for Bulgaria Boyko Kotsev (left), Bulgaria's permanent representative to the EU, has announced that the EC has earmarked EUR 70 M for Bulgaria. Photo by

Bulgaria is set to receive up to EUR 70 M from the latest European Commission economic recovery plan.

Boyko Kotsev, Bulgaria's permanent representative to the EU, made this announcement early Wednesday, cited by BTA.

At the General Affairs and External Relations Council (GAERC) on Monday, EU ministers failed to agree on the distribution of the EUR 5 B aid package of the European Commission.

The latest draft earmarked EUR 45 M for the linking of the gas systems of Bulgaria and Greece and EUR 10 M for connecting the Bulgaria and Romania gas grids. Out of a total of EUR 80 M allocated for building gas links between nine countries in the region, Bulgaria would receive about EUR 15 M.

A further EUR 250 M would be allocated to the pre-feasibility study for the Nabucco pipeline, which will carry gas from Central Asia to Europe.


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Tags: EC, recovery plan, gas supply, gas connection, Nabucco
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