Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

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

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.
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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

56% of Bulgarians want the parliament to elect a cabinet, even at the cost of compromises

56% of Bulgarians prefer the new 51st National Assembly to form a government, even if this is at the cost of compromises, indicate data of a national representative survey conducted by the polling agency "Gallup International" for the "Referendum"..

published on 11/20/24 6:00 PM
Katya Staykova and LI Yue during the signing of the memorandum

Trakia Economic Zone enters into a strategic partnership with a Chinese university

A Memorandum of Cooperation between Cluster Trakia Economic Zone and Shenzhen Polytechnic University (SZPU) was signed in Beijing by Katya Staykova, CEO of Cluster Trakia Economic Zone, and Ms. LI Yue, Vice President of the Chinese higher education..

published on 11/20/24 5:46 PM

Austrian Ambassador gets acquainted with the situation on the Bulgarian-Turkish border

The Ambassador of Austria H.E. Andrea Ikić-Böhm visited the Bulgarian-Turkish border yesterday at the invitation of the Director of the Border Police Directorate General, the press service of the Ministry of Interior announced today. Together with the..

published on 11/20/24 3:34 PM