Day in 3 news:Foreign investment drops; EU funds joint BG-Greece projects; BG gets social spending aid

Day in 3 news:Foreign investment drops; EU funds joint BG-Greece projects; BG gets social spending aid

© Цветелина Белутова


With election day inching closer, the campaigns of the chief political players are in full swing. On monday WCC tipped off the European Public Prosecutor's Office that a long-time GERB cadre used to single-handedly select which Bulgarian projects funded by the EU should be subject to independent audits.

Earlier in the day "Revival"'s leader Kostadin Kostadinov reiterated his party's promise to block the plan to introduce the euro as official currency in Bulgaria from the start of 2024. Meanwhile, a drop in support for WCC shown by the latest polling foreshadows another possible stalemate following the October 2 vote.

FDI falls

Foreign direct investment in Bulgaria during the first 7 months of the year totalled 925 million lev. This marks a12.7% decrease compared to the same period last year. The data, released by the Bulgarian National Bank (BNB), is preliminary and is subject to revision, as more accurate data comes in.

Infrastructure projects on Bulgaria-Greece border get cash boost

The cross border collaboration programme between Bulgaria and Greece for the upcoming programming period (2021-2027) was approved by the European Commission on 13 September. As a result a total of 84 million eur. could now be invested in joint projects between the two countries for the development of their border areas. The budget is relatively lower than that of the previous programming period (2014-2020), when 130 million euro was made available.

EU gives Bulgaria social spending aid

On Monday, the EU commission announced that it will pay Bulgaria 55 million euro through the European Fund for social payments. A total of 18.6 million euro will go towards covering the basic needs of vulnerable groups, including Ukrainian refugees. Another 36.4 million euro should be invested in safeguarding jobs and improving care services for people with disabilities.

With election day inching closer, the campaigns of the chief political players are in full swing. On monday WCC tipped off the European Public Prosecutor's Office that a long-time GERB cadre used to single-handedly select which Bulgarian projects funded by the EU should be subject to independent audits.

Earlier in the day "Revival"'s leader Kostadin Kostadinov reiterated his party's promise to block the plan to introduce the euro as official currency in Bulgaria from the start of 2024. Meanwhile, a drop in support for WCC shown by the latest polling foreshadows another possible stalemate following the October 2 vote.

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