Bulgaria will receive 22 billion levs from the EU's Cohesion Fund in the 2021-2027 period

Bulgaria will receive 22 billion levs from the EU's Cohesion Fund in the 2021-2027 period

Bulgaria will receive 22 billion levs ($11.8 billion/11.2 billion euro) from the European Union's Cohesion Fund in the 2021-2027 period under a partnership agreement which has been finalised and will be signed in the coming days, prime minister Kiril Petkov said.

A further 2.6 billion levs will be allocated to the country from the Just Transition Fund, Petkov said on Friday after meeting the EU Commissioner for Cohesion and Reforms, Elisa Ferreira, in Sofia.

The Just Transition Fund, with a total budget of 17.5 billion euro ($18.3 billion), is a financial mechanism adopted last year within the EU's cohesion policy that aims to facilitate the implementation of the European Green Deal by supporting country investments geared towards tackling climate change such as carbon emission reductions, industrial upgrades, clean energy technologies and digital connectivity.

For the new seven-year programming period, Bulgaria has planned a total of ten operational programmes and has pledged to deploy 50% of the funding towards its three most underdeveloped regions - in the northeastern, northwestern and northern part of the country.

Previous Next
Close
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.