Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

EU funds have boosted Bulgaria's GDP by 8.3%

Photo: library

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%.



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

Fraser Institute: Bulgaria ranks 56th in economic freedom worldwide

In its "Economic Freedom of the World, 2025" ranking , the Canadian Fraser Institute gives Bulgaria a score of 7.13 out of a maximum of 10 points. This places the country 56th out of 165. It ranks between Greece and Thailand. In 2024, Bulgaria was 52nd..

published on 10/2/25 2:59 PM

BNB decreases base interest rate by 0.01%, Bulgaria's gross external debt rises

As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..

published on 10/1/25 10:46 AM

U.S. State Department report analyzes the Bulgarian economy

Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..

published on 10/1/25 10:11 AM