Bulgaria Seeks Further 500 Mln Euro in EU Funds for Infrastructure Projects

Bulgaria Seeks Further 500 Mln Euro in EU Funds for Infrastructure Projects

Bulgaria will seek a further 500 million euro ($635 million) in EU funding to implement infrastructure projects in the 2014-2020 period, the Sofia government said.

The EU should not cut funding for cohesion policy in the next programming period as the financial assistance it provides to Europe's poorer states makes them competitive, which in turn means stronger Europe as a whole, the government's press office quoted prime minister Boiko Borisov as saying at a meeting held in Brussels on Tuesday.

Borisov voiced optimism that Bulgaria will absorb by the end of the current programming period the full amount of funding made available to the country under EU operational programmes for infrastructure and administration.

 

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