NextGenerationEU: Bulgaria submits official recovery and resilience plan

Monday 18 Oct 2021 @ 12:43
EU News

The Commission recently (15 October 2021) received an official recovery and resilience plan from Bulgaria. This plan sets out the reforms and public investment projects that Bulgaria plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is at the heart of NextGenerationEU which will provide €800 billion (in current prices) to support investments and reforms across the EU. It will play a crucial role in helping Europe to emerge stronger from the crisis and secure the green and digital transitions.

The presentation of the plan follows intensive dialogue between the Commission and the Bulgarian authorities.

Bulgaria's recovery and resilience plan

Bulgaria has requested a total of €6.6 billion in grants under the RRF.

The Bulgarian plan is structured around four pillars: Innovative Bulgaria, Green Bulgaria, Connected Bulgaria and Fair Bulgaria. The plan includes measures in areas such as decarbonisation of the economy, education and skills, research and innovation, smart industry, energy efficiency, sustainable agriculture, digital connectivity, social inclusion and healthcare. Projects in the plan cover the entire lifetime of the RRF until 2026. The plan proposes projects in all seven European flagship areas.

Click here for the full press release

Original article link: https://ec.europa.eu/commission/presscorner/detail/en/IP_21_5264

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