Budget of the European Union

The future of the European Union's Multiannual Financial Framework (MFF) must respond both to the priorities of the European Union and to the new challenges that cannot always be anticipated, First Vice-President of the European Commission Frans Timmermans said in Bucharest.

Complexity and parallel planning are some of the problems encountered in using European funds, which should be better targeted, European Court of Auditors (ECA) President Klaus-Heiner Lehne told AGERPRES in an interview.

Working towards a more social Europe and reducing the wage and development gap among Member States through the European Pillar of Social Rights was the topic of discussion at a European high-level tripartite conference on the European Pillar on Social Rights, which took place on 27 June 2018 at the National Palace of Culture in Sofia.

A high level conference dedicated to "EU cohesion policy: post-2020 perspectives for convergence and sustainable regions" will be held on 8 June 2018 at the National Palace of Culture in Sofia. The event will be the first public debate on the proposal for the Multiannual Financial Framework (MFF) 2021-2027, which was announced in May.

European Union anti-fraud investigators suspect Greece and Hungary may have become the main EU centers of a multi-million-euro scam involving imports of Chinese clothing and footwear that uses the infrastructure of China's new "Silk Road".

Warsaw and Budapest are expected to lose out on massive amounts of cash as Brussels proposes to move tens of billions of euros in EU funding away from central and Eastern Europe to the countries worse hit by the financial crisis, such as Spain and Greece, writes The Daily Express.

Four years after the start of the new programming period and three years before its end, Bulgaria continues to lag behind in the absorption of European structural and investment funds. At the end of 2017, our country managed to use only 1.587 billion euros, or 16% of the funds allocated to it from the EU budget, according to an analysis by the finance ministry.

Four years after the start of the new programming period and three years before its end, Bulgaria continues to lag behind in the absorption of European structural and investment funds. At the end of 2017, our country managed to use only 1.587 billion euros, or 16% of the funds allocated to it from the EU budget, according to an analysis by the finance ministry.

European Commissioner for Budget and Human Resources Günther Oettinger will take part today in the high-level conference in Sofia, whose main topic is the EU budget. The meeting will discuss the different options for the long-term Community budget after 2020.

The European Commission has announced plans to invest jointly with Member States in building a European infrastructure of world class supercomputers, the press service of the institution said.

Supercomputers are needed to handle increasing volumes of data and bring benefits to society in many areas - from health and renewable energy to car safety and cybersecurity.