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BUL / BULGARIA HOPES TO USE ALL AVAILABLE EU FUNDS

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Published on: 10-01-2013 Back


   http://www.eubusiness.com- Bulgaria has spent just 35 percent of European aid money made available
   since it joined the 27-nation bloc, but plans to use it all by a 2015 payment deadline, the minister in
   charge of EU funds said Thursday. "European fund payments reached 35 percent, or 5.4 billion leva
   (2.7 billion euros, $3.6 billion) in end-2012," Tomislav Donchev told a press conference. "Our objective
   is to reach a minimum of 65 percent by end-2013," he added.

  
Since Bulgaria, the EU's poorest member, joined in 2007, Brussels has put 15.6 billion leva at its
   disposal for infrastructure, regional development, and environment and social projects.

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