Bulgaria received more than 11 billion euros for projects financed by the structural and cohesion funds of the EU in the period 2007 to June 2022. The data was presented by the Institute for Market Economy. The capital city attracted the most investments - over 2.6 billion euros, followed by Plovdiv region with over 600 million euros, Blagoevgrad region with over 550 million euros and Burgas region with 450 million, the published interactive map shows.
Bulgaria annually contributes about 250 million euros to the EU budget and receives about 1 billion euros, the economist from the institute Adrian Nikolov told BNR.
Most of the money from the European funds goes for infrastructure projects, such as the Sofia metro, roads, highways, and water cycles.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
The final price at which Bulgargaz will sell natural gas in December to end suppliers and to persons with a license for the production and transmission..
Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in..
Mostly Cloudy
Scattered showers
Cloudy
Cloudy