Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EU funds have made GDP rise by 7.7%

Photo: library

EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same period, the country's GDP grew by 7.7% compared to the baseline scenario without EU funds, according to an analysis by the Ministry of Finance on the effect of EU funds on the national economy.

During the second programming period for the country in 2014-2020, access to EU funds totaling 9.9 billion euros was available under 10 programs. Compared to the previous programming period, the rise equals5.2%.

EU funds have made private business investments rise by 19.7%, created new jobs and increased income and consumption, BTA has reported.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Warmth and sunshine before a new round of rainy days

On Tuesday, minimum temperatures in the country will be between 11 and 16°C, 12°C in Sofia. During the day it will be sunny. In the afternoon, clouds will move in from the west and it will rain briefly, especially in the mountains. Maximum temperatures..

published on 5/20/24 7:05 PM

Necropolis and a monastery discovered on site earmarked for new bus station in Sozopol

Archaeologists have discovered exceptional finds during construction works for a new bus station in the Black Sea city of Sozopol. A monastery dating back to the end of the 11th century was discovered. Within its borders there was also a church from..

published on 5/20/24 6:45 PM

EU Commissioner for Agriculture Janusz Wojciechowski visits Bulgaria

The European Commissioner for Agriculture Janusz Wojciechowski will be on a working visit to Bulgaria on May 21. His program includes meetings in Sofia with President Rumen Radev, with Prime Minister Dimitar Glavchev, with the Minister of..

published on 5/20/24 6:37 PM