Bulgaria Might Lose EUR 275 M of EU Regional Development Funding

Bulgaria in EU | May 29, 2014, Thursday // 13:53|  views

Regional Development Minister Desislava Terzieva. Photo by BGNES

Seven projects under Operational Program Regional Development are risky and Bulgaria could lose BGN 514 M if it does not finalize them, the Regional Development Minister believes.

In a report sent to the Parliament's EU funding committee, Minister Desislava Terzieva wrote that due to significant delays registered in the projects Bulgaria might see its BGN 3.1 B (EUR 1.55 B) trimmed by one-sixth, the daily Trud reveals.

Among the most troublesome projects is the Northern arc of the Sofia Ringroad, the which covers almost half of the "risky" funding, amounting to BGN 234 M (EUR 117 M).

The document was to be on MPs' agenda on Wednesday, but the day was mostly dedicated to debates over the no-confidence motion against the government submitted by the opposition party GERB.

Problems of EU funding for regional development are now to be discussed in Parliament on Thursday.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Tags: desislava terzieva, EU funding, Operational Program Regional Development, Sofia ringroad


» Related Articles: