Bulgaria Faces Risk of Losing 1 Billion Euros in EU Funding, Warns Finance Minister
Bulgaria risks losing at least 2 billion leva (1 billion euros) in European funding due to the National Assembly's failure to approve amendments to the Recovery and Sustainability Plan, along with the new chapter and updated roadmap for climate neutrality. Acting Deputy Prime Minister and Finance Minister Lyudmila Petkova warned at a media briefing following the Council of Ministers meeting that the worst-case scenario could see the country losing several billion levs, forcing the national budget to cover the shortfall.
Petkova explained that Bulgaria is still on its second payment under the plan and cannot request subsequent installments without completing the required investments....