The approved plan is worth €6.17 billion in grants and covers 50 reforms and 51 investments.
The European Commission has given a positive assessment of Bulgaria’s amended Recovery and Resilience Plan (RRP). It includes a special chapter on REPowerEU to achieve Europe’s independence from Russian fossil fuels by 2030.
The changes to Bulgaria’s initial plan are based on the need to take into account objective circumstances that affect the implementation of some of the measures initially planned. These include increased implementation costs due to high inflation, supply chain disruptions, changed market demand, and more efficient ways of implementing the measures.
The revised plan places a strong emphasis on the green transition, with 49.9% of the total amount allocated and 99.5% of the funds allocated to REPowerEU earmarked for measures supporting climate objectives. The reforms and investments included in the REPowerEU chapter contribute significantly to the green dimension of the plan. These measures aim to tackle energy poverty, protect vulnerable consumers, support the liberalization of the electricity market, promote the deployment, storage, and use of renewable energy, and improve the balancing market.
The Bulgarian plan maintains its ambition in the field of digital technologies, allocating 20.6% of the total amount of funds granted to support the country’s digital transition. It contains measures aimed at increasing the coverage of very high capacity networks throughout the country, improving digital skills, and digitizing public administration and businesses.
>> Source and more information on the website of the EC Representation in Bulgaria
