The Bulgarian Council of Ministers has decided to allocate 350 million euros from the 2014-2020 operational programs budget. Funds will be used to cover the energy needs of businesses and households.
Bulgaria will use European funding from the budgets of six operational programs – Innovation and Competitiveness, Transport and Transport Infrastructure, Environment, Regions in Growth, Science and Education for Smart Growth and Good Governance.
The compensations will be disbursed by applying the EU-wide survey on the access to finance of enterprises (SAFE), which is a bi-annual survey run by the European Central Bank in partnership with the European Commission. It monitors the financial situation of enterprises as well as the need for and availability of external financing. SAFE was established in support of small and medium enterprises (SMEs) and vulnerable households that were particularly affected by energy price spikes in the context of the war in Ukraine.
