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

Research ship "Sts. Cyril and Methodius" departs for Antarctica

Research ship "Sts. Cyril and Methodius" has departed from Varna after a solemn ceremony. In its fourth voyage to Antarctica the ship is expected to reach the Bulgarian Antarctic base on Livingston Island by the end of December and..

published on 11/7/25 3:21 PM

Strong security measures for Levski - CSKA derby on Saturday

The Sofia Police announced that they will use drones to monitor fans before and during the football match between Levski and CSKA, which will be held on Saturday at 3:00 p.m. at the Vasil Levski National Stadium. There will be..

published on 11/7/25 2:34 PM

Before the euro adoption people are pessimistic about the economic present and future

The overall consumer confidence index in October 2025 fell by 4 points compared to July, the National Statistical Institute has reported. In July, the indicator decreased by 4.7 points compared to April. In October, there was an..

published on 11/7/25 1:24 PM

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 9 | Max: 11

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Share

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

More from category

Research ship "Sts. Cyril and Methodius" departs for Antarctica

Strong security measures for Levski - CSKA derby on Saturday

Before the euro adoption people are pessimistic about the economic present and future

Sofia City Court postpones the extradition case of the owner of a ship linked to the explosion in Lebanon

The transition to democracy began 36 years ago on November 10

Road Infrastructure Agency proposes restrictions on the movement of heavy trucks on motorways during holidays