Bulgaria Leads EU in Construction Growth for 14th Straight Month
In February, Bulgaria recorded the highest annual growth in construction output among EU member states
At its regular meeting on Wednesday, the Bulgarian government approved additional expenses to the budget of the regional ministry for 2016 amounting to slightly over BGN 119 M.
The funds will be allocated for preventive maintenance of the road network mainly in northern Bulgaria, repair works and the completion of road infrastructure projects across the country.
The funds will be used for completing and rehabilitating facilities of exceptional state and public importance, with the aim being to develop the road infrastructure and increase the road traffic safety.
Among the projects to receive funding are roads in the regions of Vidin, Montana, Vratsa, Razgrad, Silistra as well as key facilities on Hemus motorway – the tunnels Vitinya and Echemishka and the Eleshnitsa viaduct.
The cabinet also provided BGN 15 M to the budget of Sofia municipality for the construction of the third line of the underground from Vladimir Vazov boulevard to Krasno Selo neighbourhood, which has a projected length of eight kilometres and eight stations.
Some of the resources will also be used for co-funding the extension of metro line 2 in southern direction from James Bourchier boulevard to Hladilnika neighbourhood with one station.
Bulgarian Posts will carry out the exchange of levs into euros in 2,230 post office locations across the country
Bulgaria has fulfilled the final requirement for joining the eurozone by meeting the budget deficit criterion
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On June 4, Bulgaria will find out whether the euro will officially replace the lev in January 2026
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