First payment for Bulgaria from the EU under the Recovery Plan - 1.37 Billion Euros

World » EU | December 16, 2022, Friday // 15:26
Bulgaria: First payment for Bulgaria from the EU under the Recovery Plan - 1.37 Billion Euros @Flickr

The European Commission made the first payment to Bulgaria of EUR 1.37 billion in grants after it met 22 key milestones and targets related to the national recovery and resilience plan.

They cover important first actions for reforms and investments to decarbonize the energy sector, the large-scale deployment of digital infrastructure, reforming the judiciary, strengthening the anti-money laundering framework, digitizing the public sector, improving compliance and the coverage of the minimum wage income scheme.

Bulgaria's request was submitted at the end of August, and the Commission gave a positive preliminary assessment.

The next payment, due in the first quarter of 2023, requires the fulfillment of 66 milestones and targets, a third of which are related to legislative initiatives. The second tranche is in the amount of EUR 724 million.

In total, our country has the opportunity to receive 5.69 billion euros.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg

/BNR

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

EU » Be a reporter: Write and send your article
Tags: plan, EUR, recovery, Bulgaria

Advertisement
Advertisement
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