Economy of the European Union

President Iohannis to support economic recovery fund to benefit all EU member states

President Klaus Iohannis said on Thursday that he would support the creation of an economic recovery fund that could benefit all EU member states and also mentioned the importance of the EU cohesion policy. He spoke before a video conference with members of the European Council on measures to contain the COVID-19 pandemic.

EU official: Aiming to launch EU recovery fund at start of 2021 in best case scenario

The European Union is aiming to launch a recovery fund on Jan 1, 2021 in the best case scenario, an EU official said on Thursday.

Spain has proposed the creation of a fund of up to 1.5 trillion euros ($1.62 trillion) financed by perpetual debt. 


BGN 844,340,088 paid under Rural Development Programme 2014-2020 in 2019

Last year, 1,378 contracts were signed and BGN 844,340,088 were paid under the Rural Development Programme (RDP) 2014-2020, according to the Annual Report of the Agriculture State Fund and the Paying Agency for 2019 approved by the Council of Ministers, said the government press office, quoted by Focus News Agency.

NSI Preliminary Data: The Government Debt of Bulgaria for 2019 is 24 205 Million BGN or 20.4% of GDP

According to preliminary data of the National Statistical Institute the General Government Institutional Sector reported in 2019 a surplus of 2 470 million BGN or 2.1% of GDP. The surplus in Central Government sub-sector amounted 2 349 million BGN or 2.0% of GDP.