Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in terms of EU grant assistance. The problem is particularly severe in the Southwestern region, which includes Sofia city. According to the EU cohesion rules, when a region's GDP per capita reaches 100% of the EU average, the regions receive 30% co-financing for EU programs.
In the Southwestern region, due to Sofia's indicators, the coverage is 100%. Transitional regions, with a GDP between 75% and 100% of the EU average, receive 60% grant aid, while underdeveloped regions receive 85%. In Sofia city, the GDP per capita is close to 130% of the EU average, which affects the neighboring districts – Sofia District, Pernik, Kyustendil and Blagoevgrad, where the coverage is between 54% and 31%. The bundling of these districts with the capital city limits their access to EU funds.
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador..
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