site.btaEuropean Commission Approves Higher Aid for 4 Bulgarian Regions

The European Commission announced on Friday that it has approved an amendment to Bulgaria's map for granting regional aid until December 31, 2027 with regard to the administrative regions of Veliko Tarnovo, Ruse and Silistra.

The 2022-2027 regional aid map for Bulgaria was approved by the Commission on December 15, 2021.

The amendment enables higher maximum amounts of aid to investments in regions experiencing a decrease in population. The maximum amounts of aid will increase from 50% to 60% of the eligible investment costs in the regions of Veliko Tarnovo, Ruse and Silistra. In Pernik, the maximum amounts of aid will increase from 20% to 25% until the end of 2024 and from 15% to 20% from 2025 until the end of 2027.

The amended map will be in force from January 1, 2024 until December 31, 2027.