It’s very difficult for a caretaker government with a two-to-four month horizon to settle such big issues, for example in the area of rule of law, that will require maybe a constitutional majority in a future parliament,” Atanas Pekanov, deputy prime minister in charge of E.U. funding management, said this week in an interview.“Striking the right balance would have been easier if we had any vision or opinion from parliament,” Pekanov, who seeks to submit the plan “in the coming weeks,” said. “We didn’t get it. So now we’ll have to see how the negotiations go. This will determine the time-frame for receiving the funding.”It’s not just Bulgaria among the E.U.’s eastern contingent that’s seeing pandemic aid delayed. But the hold-ups for Hungary and Poland are tied to rule-of-law concerns after years of clashes with Brussels.Bulgaria, too, has faced years of E.U. scrutiny over its inability to tackle high-level corruption and establish independent courts. Indeed, its current political stalemate stems from anti-graft protests that erupted in 2020.But there are other issues at play, including a reliance on coal for about 40% of the country’s power output. That makes Bulgaria the E.U.’s fourth-biggest consumer of the fuel and complicates the bloc’s goal for reaching climate neutrality by 2050, with fears persisting of possible mine and factory closures in some of the bloc’s poorest regions.“We have to do much more to address climate change, reducing the carbon intensity of the economy,” Pekanov said. “But we can’t march too fast if we’re not addressing the concerns of the citizens. And this is our red line.”On the fiscal side, Bulgaria is stronger, boasting one of the E.U.’s lowest budget deficits and public-debt ratios. The country is looking to adopt the euro in 2024 and the government is working on fulfilling technical requirements to keep that time frame “feasible,” Pekanov said.
—With assistance from John Follain.
