The Minister of Regional Development and Public Works Nikolay Naydenov sent a letter to the European Commission proposing to increase the total amount of state aid for the transport sector from 25,564,594.06 euros to 50,000,000 euros.
We recall that the MRDPW developed a state aid scheme “Aid in support of costs for maintaining the competitiveness of heavy-duty road transport in the Republic of Bulgaria“. The aid administrator is the “Road Infrastructure“ Agency. The notification to the European Commission is registered under number SA.122328.
The geopolitical instability in the Middle East that began on 28 February this year led to a sharp increase in the prices of energy raw materials on international markets - especially diesel, on which the Bulgarian transport sector is highly dependent. These events caused an immediate and extremely strong shock to the supply of energy on global energy markets, which led to unprecedented fluctuations and a sharp increase in energy prices.
The aim of the measure is to overcome the liquidity shortage faced by enterprises that are directly or indirectly affected by the serious disruptions in the economy. This is of key importance for maintaining economic stability and preventing potentially negative effects on the Bulgarian economy as a whole.