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

Politics » BULGARIA IN EU | February 8, 2013, Friday // 20:41
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.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Bulgaria in EU » Be a reporter: Write and send your article
Tags: EU budget, 2014-2020 budget, EU Summit, EU leaders, Bulgarian Prime Minister Boyko Borisov, Cohesion Fund, EU funding, budget cuts
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria