Bulgaria to Absorb All EU Funds by 2013 - Minister

Bulgaria's Minister for European Funds Tomislav Donchev. Photo by BGNES

Bulgaria will have absorbed the entire BGN 13 B allotted from the EU funds to the country in 2013, stated Bulgarian European Funds Minister Tomislav Donchev.

Speaking in an interview for Darik Radio Saturday, Donchev added that Bulgaria will be negotiating for BGN 16 B of funds for EU's next programing period.

The EU Funds minister explained that Bulgaria's priorities till 2020 will center around transport and water infrastructure.

"If we obtain that financing for the next programing period, we plan to invest BGN 5 B in roads, railways and water, BGN 4 B in education and social policies, and the rest in regional development projects," specified Donchev.

As part of the regional development EU funds absorption strategy, key will be city development, energy efficiency and investments in small and medium enterprises, according to the minister.

Donchev also said that part of the efforts of the Bulgarian government will be directed into a "shortening of the path of funds," meaning less administrative hurdles in effecting European projects.

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