During the second 7-year-long programming period of the EU, Bulgaria has absorbed 54% of financing provided under EU funds. Out of a total of 9.9 billion euros allocated under 10 programs, 6.360 billion euros had been absorbed by December 31, 2020, according to an analysis by the Ministry of Finance.
In the period 2014-2020, EU funds made the country's GDP rise by 8.3%. EU funds have boosted private investments in this country by 23.7%. Thanks to EU funds, employment has also been growing. The total cumulative effect for 7 years is estimated at 13.7%. The average salary had also risen by 8.4%, according to the analysis.
Absorption of EU money was lowest under the Maritime and Fisheries Programme - 33% and under the Environment Programme - 38%. The best performance is seen under "Human Resources Development" - 72% and "Regions in Growth" - 62%.
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..
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