26.05.2021

THE EUROPEAN COMMISSION ALLOCATES EUR 511 MILLION TO BULGARIA UNDER SURE

The European Commission has allocated € 14.137 billion to 12 EU Member States under the seventh tranche of financial support under the SURE instrument. As part of today's operations, Belgium received € 2 billion, Bulgaria € 511 million, Cyprus € 124 million, Greece € 2.54 billion, Spain € 3.37 billion, Italy € 751 million, Lithuania € 355 million. , Latvia - € 113 million, Malta - € 177 million, Poland - € 1.56 billion, Portugal - € 2.41 billion and Estonia - € 230 million.

For the first time, Bulgaria and Estonia receive funding under the SURE instrument. The other ten EU countries have already benefited from loans under this instrument.

This SURE support will help Member States to cope with sudden increases in public spending aimed at maintaining employment in the context of the coronavirus pandemic. In particular, Member States will be helped to cover costs directly related to the financing of national part-time schemes and other similar measures introduced in response to the pandemic, including for the self-employed.

Today's payments are a consequence of the seventh issue of social bonds under the SURE instrument, which in recent days has attracted significant interest from investors in difficult market conditions.