Business Europe Asks Bulgarian EU Presidency to Help Advance Discussions on Next Financial Framework

Business Europe Asks Bulgarian EU Presidency to Help Advance Discussions on Next Financial Framework

The Confederation of European Business (BusinessEurope) has urged the current Bulgarian Presidency of the EU Council to help advance the discussions on the next multiannual financial framework (MFF) as part of a whole list of priorities which the confederation would like the Presidency to consider. The proposals were sent in a letter to Prime Minister Boyko Borissov and unveiled by the Bulgarian Industrial Association on Thursday.
Concerning the MFF, BusinessEurope reasoned: "The proposal for the next MFF will only be published in May 2018 at the earliest. [...] It would therefore be helpful if the Bulgarian Presidency supports the efforts of the Commission to advance discussions in concrete issues as the time frame for adoption of the MFF proposal will be very tight - if we are to achieve an agreement before the European elections in mid-2019. Failing to agree on the proposal by then would be of serious consequences: it would very likely mean a last-minute deal, followed by serious delays in the start of programmes in 2021, and a lost year in investment by the EU budget - as it was the case in 2014."

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