National Recovery and Sustainability Plan of Bulgaria
The plan is structured in four pillars:
– Innovative Bulgaria – aiming at increasing the competitiveness of the economy and its transformation into an economy based on knowledge and smart growth - 20% of the resources under the Plan;
– Green Bulgaria – with a focus on sustainable management of natural resources, allowing to meet the current needs of the economy and society, while maintaining environmental sustainability, so that these needs can continue to be met in the long run - 37% of the resources under the Plan;
– Connected Bulgaria – focusing on providing prerequisites for increasing the competitiveness and sustainable development of the country’s regions, such as improving transport and digital connectivity, as well as promoting local development, based on the specific local potential - 22% of the resources under the Plan;
– Fair Bulgaria – with a special focus on disadvantaged groups and individuals to achieve a more inclusive and sustainable growth and shared prosperity for all, as well as with an emphasis on building effective and responsible public institutions responsive to the needs of business and the needs of the citizens - 21% of the resources under the Plan.
The new version of the plan of July 2021 contains 57 investments and 43 reforms, upgraded with 11 new projects and 7 new reforms.
The total amount that Bulgaria will receive from the Recovery and Resilience Facility is BGN 12.6 billion. An additional economic impetus is expected, which will also come from private investments caused by these investment projects of another BGN 8 billion.