Bulgaria to get EUR 1.4 bil in EU Funding for Development Projects


Two of the programs for absorbing EU funds in Bulgaria - Administration Capacity and Human Resources Development have been approved by the European Union, announced Bulgaria's Minister of Public Administration Nikolay Vassilev and Deputy Minister of Labour and Social Policy Dimitar Dimitrov.

On the two programs, co-financed by European Social Fund, Bulgaria will absorb 1.4 billion euro. The money has to be allotted by 2013.

A total of twelve billion euro will be poured into Bulgaria in the course of the next few years. The EU, though, have thought of a back-up plan as well, in 2010 Bulgaria will undergo a thorough audit on behalf of the Union which will curb to minimum the risk of funds abuse.

The Ministry of Public Administration and Administrative Reform was the first to prepare a programme, explained Minister Vassilev. By the end of the year his ministry will have to conclude a contract for 13 million euro. The total amount of funds to be allotted on Administrative Capacity programme is 181 million euro.

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