European Commission page on Bulgaria's recovery and resilience plan

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Bulgaria's recovery and resilience plan

Information on Bulgaria's recovery and resilience plan

Bulgaria's recovery and resilience plan - Updated

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<p>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.</p>

&nbsp;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.<br><br>The plan notably&nbsp; 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.&nbsp;