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%.
At the start of the harvest season, Yanislav Yanchev, the Deputy Minister of Agriculture , predicted that the wheat would be of good quality. The country continues to maintain a stable position as a grain producer. The domestic market is secure and..
The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by 0.16% compared to the previous month, when it stood at 2.07%. Thus, the base interest rate will be..
In 2025, Bulgarian tourism maintains sustainable growth despite global challenges. According to analysts, a record number of foreign visitors is expected in the coming months as a result of stable international markets and the..
Bulgaria recorded the second-highest annual house price growth in the European Union in the first quarter of 2025, according to Eurostat data released this..
Bulgaria’s Minister of Finance Temenuzhka Petkova announced that Bulgaria is expected to meet the eurozone's price stability criterion again in June...
With record interest, Bulgaria's Ministry of Finance has successfully placed debt on international capital markets, the institution announced. Two..
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