Bulgaria Absorbs 449 Mln Euro under EU-funded Programme Regional Development

Bulgaria Absorbs 449 Mln Euro under EU-funded Programme Regional Development

Certified payments made under EU-funded operational programme Regional Development in Bulgaria total 878 million levs ($578.9 million/448.9 million euro), the regional development ministry said on Thursday.

The sum amounts to 28% of the entire budget of the programme, the ministry said in a statement.

The funding agreements signed so far under the programme add up to some 2.81 billion levs, equivalent to 90% of the entire budget. They include projects for integrated and sustainable urban development, contracts for preparing integrated plans for urban rehabilitation and development as well as upgrades on second- and third-grade roads across the country, among other projects.

However, if Bulgaria fails to disburse a further 1.0 billion levs by the end of 2013, it will have to pay back EU funds, state-run Bulgarian News Agency quoted regional development minister Lilyana Pavlova as saying on Thursday at a news conference.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.