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%.
The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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