NextGenerationEU: The European Commission has received from Bulgaria a payment request under the Recovery and Resilience Plan in the amount of 1.37 billion euros
The European Commission received yesterday the first payment request from Bulgaria under the Recovery and Resilience Mechanism for granting financial support in the amount of 1.37 billion euros. Bulgaria’s comprehensive recovery and resilience plan will be funded with €5.68 billion in grants. Payments under the Recovery and Resilience Mechanism are performance-based and dependent on Bulgaria’s implementation of the investments and reforms outlined in its Recovery and Resilience Plan.
This first payment request concerns 22 milestones covering several reforms and investments in education, research and innovation, smart industry, climate neutrality, digital connectivity, sustainable transport and road safety, justice, anti-money laundering of money, social inclusion, health and the audit and control system related to the Recovery and Resilience Mechanism.
The Commission will now assess the request. It will then send its preliminary assessment of Bulgaria’s implementation of the key milestones and targets required for this payment to the Economic and Financial Committee of the Council.
For more information:
Payment process under the Recovery and Resilience Facility
Plan for recovery and sustainability of Bulgaria