Bulgaria receives first tranche of 489.3 million euros under the European SAFE instrument
Bulgaria has officially received its first payment under the European "Supporting Affordable Energy" (SAFE) instrument. The total amount of the transferred funds stands at 489.3 million euros, making our country one of the first in the European Union to benefit from this financial mechanism.
The SAFE instrument was created by the European Commission to assist member states in dealing with the economic and social consequences of the war in Ukraine. The funds are aimed at strengthening national security and supporting key sectors affected by the current geopolitical situation.
Along with Bulgaria, Latvia also received its first payments under the same program. These funds will be used for investments to help the economy adapt to new challenges and ensure greater stability for citizens and businesses.
The received funding is expected to provide an additional boost to state efforts for modernization and security. The government will distribute the amount according to pre-approved plans, which aim at the effective absorption of European resources for the benefit of society.