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The event aims to launch a series of public debates on the direction of the country’s development.
Deputy Prime Minister Tomislav Donchev presents a draft of Bulgaria’s National Plan for Reconstruction and Sustainability. The event aims to launch a series of public debates on the direction of development of our country.
Next Generation EU is a new instrument created at the suggestion of the European Commission and aimed at a sustainable, coherent and fair recovery of the EU Member States from the crisis caused by the COVID-19 pandemic. The Commission foresees the deployment of the instrument through three pillars: supporting the Member States in their recovery, stimulating the economy and private investment and drawing lessons from the crisis.
“European leaders had the wisdom and courage to provide funds to combat the effects of the COVID-19 pandemic, the economic and social crisis associated with it,” he said.
“The EU budget, the multiannual financial framework for 2021-2027 is more than 1 trillion euros,” explained Tomislav Donchev. He added that € 750 billion is the “next generation Europe” package.
“The challenges facing Bulgaria are well known: reforms in the public sphere, the social sphere, education. There is a great need for investment in the private sector to produce products at lower cost. It is vitally important for Bulgaria not to only produce more, but that the production has a greater added value ”, commented the Deputy Prime Minister.
Bulgaria now faces the new challenges of the coronary crisis.
“We need a combination of instruments: investments from the national budget, cohesion policy, operational programs, rural development program and investments from the reconstruction and development plan,” explained the deputy prime minister.
See plan details in the video
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