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Bulgaria's recovery and resilience plan

Geography
Year
2021
Document Type
Policy

Summary

To benefit from the support of the Recovery and Resilience Facility set up by the EU in the aftermath of the COVID-19-induced economic crisis, Member States submit their recovery and resilience plans to the European Commission. Each plan sets out the reforms and investments to be implemented by end-2026 and Member States can receive financing up to a previously agreed allocation. Each plan should effectively address challenges identified in the European Semester, particularly the country-specific recommendations of 2019 and 2020 adopted by the Council. It should also advance the green and digital transitions and make Member States’ economies and societies more resilient. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state.The plan notably aims to enable the phasing out of the use of coal for electricity generation and the phased replacement of the fuel base in the thermal power plants in coal areas of the country by using alternative, environmentally-friendly energy sources such as hydrogen.

Documents

Document
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Bulgaria's recovery and resilience plan - Updated
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Main document
Plan
(Original Language)
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About this policy

Year
2021
Most recent update
01/12/2022
Response areas
Mitigation
Sectors
Economy-wide, Energy

Targets  1

Note

CCLW national policies

The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.