Cohesion Fund

“Gradual, yet fiscally sustainable tax reductions remain our central choice,” emphasized Prime Minister Kyriakos Mitsotakis in his weekly review published on Facebook.

According to Mr. Mitsotakis, tax reductions are made possible due to increased state revenues and the reduction of debt, as well as the decrease in tax evasion.

The European Commission has approved the allocation of €40 million from its Cohesion Fund to finance anti-flooding projects in Athens, it was announced on Wednesday.

The European Commission on Tuesday approved an investment of more than 10 million euros from the Cohesion Fund for the renovation of 14 trains used on Athens metro system's Line 1, which runs from Piraeus to Kifissia through several Athens neighborhoods.

The European Prosecutor's Office is investigating possible abuses in two projects for the renovation of the Bulgarian railways for over 241 million euros, financed by EU programs.

A special program to boost energy efficiency, which will include "virtual net metering" for businesses, amounting to 1.259 billion euros of public spending, is coming within the year.

Ljubljana, 29 July – The government has appointed Finance Ministry official Janez Mravljak to head the newly founded Recovery and Resilience Office as acting director starting from 2 August.

The European Commission has approved an amendment to the Bulgarian Innovation and Competitiveness operational program, allowing the mobilization of EUR 511 million from the European Regional Development Fund and the Cohesion Fund to help the Bulgarian economy cope with the adverse effects of the Coronavirus crisis.

It is the wont of presidents of the European Council to lock the doors when things get tough.

Following the footsteps of his predecessor European Council President Charles Michel warned last week that European leaders who are today attending an extraordinary summit will not leave Brussels until they have reached agreement on the EU's 2021-2027 multiannual financial framework.

The European Commission approved a 255-million-euro investment for the construction of a road section in central Greece, it said on Friday.

The Cohesion Fund resources will be used to complete the link between Lamia and Xyniada in central Greece (part of road E65), connecting central Greece and west Thessaly with the main national network.

The drilling of the longest tunnel in Bulgaria - "Zheleznitsa" has begun. The 2,2 km long tunnel is  is part of LOT 3.1. on the Struma Highway an will be located near Simitli. The auction for its drilling was won by ZZD AM Struma Tunnel 2018, which includes the companies GP Group AD, Global Construction OOD and VIA PLAN EOOD.