Text size

Ministry of Finance: Bulgaria's EU membership has brought a net gain of more than €21.3 billion

published on 5/20/24 1:34 PM

Yordanka Chobanova

Photo: BTA

Since 2007, when Bulgaria joined the EU, real incomes in the country have more than tripled. Purchasing power has increased by 20%. This is according to the Ministry of Finance.

In 2006, the interest rate on mortgage loans in the country was 8%, now it is 2.8%. In 17 years, Bulgaria has contributed €9.056 billion to the Community and received €30.383 billion from the EU in agricultural subsidies and operational programmes. At the end of 2006, the average wage was BGN 499 or EUR 250. In March 2024 it will be BGN 2,300 or more than EUR 1,150, with an inflation rate of 92% for the whole period.

More than 1/5 of Bulgarians live below the poverty line

Yordanka Chobanova, Head of the European Commission Representation in Bulgaria, told a forum at Sofia University that EU financial instruments had helped to develop the potential of businesses, increase employment and support the development of regions.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News bulgaria eu membership ministry of finance yordanka chobanova

More from category

A white fairy tale from Burgas!
Photo: Marina Kirova in the Facebook group

Frosty weather, subzero temperatures expected in almost all regions of Bulgaria on Thursday

On Thursday, the minimum temperatures in Bulgaria will be between minus 14 °C and minus 8°C. In Sofia, it will be around minus 12°C. The day will be sunny but frosty. The thermometer values in most places will be negative. Before noon, there will be..

published on 2/19/25 7:05 PM

Bulgaria honors the memory of national hero Vasil Levski

With various events throughout the country Bulgarians are marking 152 years after the death of the Apostle of Bulgarian Freedom Vasil Levski. Today, at 6:00 p.m. a memorial ceremony in front of the monument to the Apostle of Freedom in Sofia takes..

published on 2/19/25 6:08 PM

Request for extraordinary report on readiness for eurozone membership will be signed

BNB Governor Dimitar Radev will sign the request for an extraordinary convergence report on the fulfillment of the criteria for eurozone membership. This is clear from his response in an interview with BTA, in which Radev announced that the Central..

published on 2/19/25 5:33 PM