Bulgaria is slated to receive approximately €1 billion in funding from the European Union’s Recovery and Resilience Plan, as announced by Deputy Prime Minister Atanas Pekanov. This disbursement, the fourth tranche for the country, is expected by the end of July. The funds are intended to support Bulgaria’s economic recovery and promote sustainable development. Government officials have emphasized the importance of utilizing these funds effectively to avoid potential losses. The allocation is part of a broader EU initiative aimed at bolstering member states’ economies following the challenges posed by recent global events. Further details regarding the specific projects and initiatives to be funded were not immediately available. This latest tranche underscores the EU’s continued commitment to supporting Bulgaria’s economic growth.