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EC grants Bulgaria over 30 million euro through translational financial instrument

Date: 31.07.2007

The cabinet has proposed to the Parliament an agreement with the EC that would grant 31.5 million euro to the country under the transitional financial instrument.

The financial aid would support the introduction of EU legislation, which has not been adopted so far.

The transitional financial instrument, which was established in Bulgaria's accession treaty, will contribute to the strengthening of the judicial and internal affairs sectors, the financial sector, and agriculture.

The selected projects, as well as the final amount to be granted to Bulgaria, will be announced in October.

The projects should be completed by 2010.

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