Bulgaria to Receive EUR 15 B in EU Funding 2014-2020Bulgaria in EU | February 8, 2013, Friday // 20:41| views
Bulgaria is one of the only four EU member states that will receive a bigger net sum from the EU budget in the 2014-2020 period compared to the current programming period.
The Balkan country will receive a total of EUR 15 B in that period, it was made clear on Friday. Some EUR 7 B will be allocated to the country under the Cohesion Fund.
The Cohesion Fund provides assistance for projects in the spheres of trans-European networks, transport infrastructure, and environmental protection.
Bulgaria will also receive an increase of over BGN 1.5 B in agriculture funding.
The country's net gains in the 2014-2020 period will be EUR 12 B.
On Friday, European Union leaders finally agreed a budget deal for the rest of the decade after a marathon 25-and-a-half hour negotiation session in Brussels.
The deal will lead to the first cut in EU spending in its 56-year history. The bloc's leaders agreed a EUR 34.4 Bcut over the next seven years.
The deal has to be approved by the European Parliament.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!