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88 million euro in advance for Bulgaria in 2009

Submitted on Wednesday, 8 April 2009No Comment

Bulgaria will receive nearly 88 million euro additional advance payments from the European Commission for the operative programs in 2009. The money will serve as a counter-crisis measure. The announcement came from the cabinet of the vice-prime minister Meglena Plugchieva.

A little over 64 million euro from the sum was provided from the European fund for regional development, and 23 709 197 euro came from the European social fund as part of their cohesive strategy for the period 2007-2013. The Bulgarian representatives in the EU informed that the additional advance payments for Bulgaria are 2%.

The additional funding coming from Brussels is a result of the immediate reaction of the European Commission and the countries-members to the conditions of the international crisis. These measures strive to give a much needed boost to the growth of the economy and labour market.

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