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site.btaCabinet to Debate EUR 250 Million Council of Europe Development Bank Loan

Cabinet to Debate EUR 250 Million Council of Europe Development Bank Loan
Cabinet to Debate EUR 250 Million Council of Europe Development Bank Loan
Council of Ministers during a meeting, Sofia, August 13, 2025 (BTA Photo/Nikola Uzunov)

The government is set to discuss a draft ratification of a EUR 250 million loan from the Council of Europe Development Bank at its regular meeting, the government press service said on Wednesday. The loan is a component of the co-financing mechanism for programmes supported by the European Social Fund Plus during the 2021-2027 programming period.

In May 2025, the Council of Ministers approved a draft Framework Agreement for a EUR 250 million loan. The agreement is intended to support projects in social services, human resources, and education. It will help provide the national co-financing for initiatives under the Human Resources Development 2021-2027 and Education 2021-2027 programmes, facilitating their implementation and goals., the government press service said at the time.

The cabinet will also review a draft decision to initiate the selection process for operators providing public rail transport services, a draft decision to transfer management of a state-owned facility from the Road Infrastructure Agency to the National Railway Infrastructure Company, authorization for a Turkish-flagged research vessel to enter and remain in Bulgarian maritime waters from September 5 to 20, 2025, for a scientific expedition, and draft decisions related to granting a personal pension under the Social Insurance Code and amending the Medical Devices Act.

/KT/

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By 09:50 on 20.08.2025 Today`s news

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