Why Bulgaria Needs to Embrace Reforms for Economic Recovery
Many believe that Bulgaria does not need the funds from the Recovery and Resilience Plan because the economy is doing well. However, this mindset is a huge strategic mistake that could result in a significant loss of 8 billion euros. Former Deputy Prime Minister in charge of managing European funds, Atanas Pekanov, commented on this during an interview on BNR.
Pekanov emphasized that Bulgaria’s reluctance to accept reforms that would benefit the country is a major own goal. He also stated that Bulgaria has given up on fighting for the necessary reforms and investments outlined in the Recovery and Resilience Plan. In order to ensure a successful economic recovery, it is imperative that Bulgaria embraces these reforms and works towards sustainable growth.
The Importance of Passing Laws for Recovery and Sustainability
Understanding the significance of passing laws related to the Recovery and Sustainability Plan is crucial for the progress of our government. Pekanov emphasized the need for a majority in parliament to approve these laws, citing the example of the “Denkov-Gabriel” government. However, in the current situation, where majorities are formed on a case-by-case basis, Pekanov expressed doubts about the passage of these laws.
He added that the failure to utilize funds from the Recovery and Sustainability Plan will not jeopardize the Budget’s execution. Nonetheless, the long-term consequences of not passing these laws will be significant, as we will miss out on important investments.
The Challenges of Negotiating EU Funding
Despite the optimistic forecasts, the path to receiving EU funding is not without its challenges. According to experts, Bulgaria may only receive half of the funds from the second tranche, putting the country at risk of losing all funding if commitments are not met in time. This could result in a halt to funding until 2026.
When it comes to negotiating the Partnership Agreement, Bulgaria faces additional hurdles due to political instability and the absence of a regular government. This further complicates the process and hinders Bulgaria’s position among other EU countries.
Bulgaria’s Challenges in EU Commissioner Nominations
Bulgaria is currently facing difficulties in participating fully in the negotiations for the next EU commissioners. The National Assembly is divided and unable to come up with a unified position, making it impossible for the country to engage effectively in these talks. Additionally, the acting prime minister lacks the authority due to recent constitutional changes, further complicating Bulgaria’s role in the process.
