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Bulgaria to receive 2.3 billion euro

Date: 23.02.2006

Bulgaria will be allotted 2.3 million euro in the period from 2007 to 2009, according to Boriana Pencheva, head of EU Funds Management Department in the Ministry of Finance. She took part in a seminar on EU funds absorption by municipalities.

"For the period from 2004 to 2006 total 1.195 billion euro have been allotted on the Phare, ISPA and SAPARD programmes but have not been fully absorbed and Bulgaria will continue receiving them till 2009," said Boriana Pencheva.

At the seminar it emerged that an amendment to the Public Procurements Act will allow municipalities to announce procedures for municipal procurements.

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