European Parliament Increases Financing for Bulgaria in 2017 Budget
Thursday, 27 October 2016
The members of the European Parliament adopted in Strasbourg the EU budget for 2017. The EU will allot more money next year to the agriculture field, which is among Bulgaria’s top priority fields. More money will be given as compensation for the Russian embargo, as well as for combating youth unemployment, for infrastructural projects and scientific research. The EU member states will receive an extra 600 million euros to develop agriculture and deal with the consequences of the Russian embargo. The countries will receive an extra 1.5 billion euros to combat youth unemployment and an extra 400 million euros will be allotted to projects linked with the construction of railway lines, roads, bridges and other infrastructure. I believe that Bulgaria will use those new opportunities, Bulgaria’s MEP Andrey Novakov commented.