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

EU funds have made GDP rise by 7.7%

Photo: library

EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same period, the country's GDP grew by 7.7% compared to the baseline scenario without EU funds, according to an analysis by the Ministry of Finance on the effect of EU funds on the national economy.

During the second programming period for the country in 2014-2020, access to EU funds totaling 9.9 billion euros was available under 10 programs. Compared to the previous programming period, the rise equals5.2%.

EU funds have made private business investments rise by 19.7%, created new jobs and increased income and consumption, BTA has reported.



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

Defense Minister Atanas Zapryanov

Atanas Zapryanov describes as fake news the reports about terrorist threats against BiH from Bulgarian territory

Bulgaria’s Minister of Defence Atanas Zapryanov described as fake news the reports about terrorist threats against Bosnia and Herzegovina (BiH) from Bulgarian territory. ''Bulgaria contributes to the peace and security of Bosnia and Herzegovina by..

published on 10/3/24 9:21 AM

Bulgaria Air cancels flights to and from Israel until October 15

Due to the official recommendation of the European Commission and the European Union Aviation Safety Agency (EASA), Bulgaria Air has canceled all flights to and from Israel until October 15, the national carrier announced on its website. The measure..

published on 10/3/24 8:55 AM

Bulgaria expects to enter the Schengen area by land soon

There has been no change in the security environment since Bulgaria's accession to the Schengen area on March 31, caretaker Minister of Interior Atanas Ilkov said during a working meeting with the ambassadors of the EU member states, organized by..

published on 10/3/24 8:46 AM