Text size

EU Cohesion policy: Bulgaria among best performing countries in terms of spending in 2020

published on 3/2/21 9:58 AM

Photo: archive

Bulgaria, alongside Sweden, Greece, Cyprus, Finland, Portugal and the Netherlands are the best performers in terms of EU Cohesion policy spending , the European Commission writes.

During the 2014-2020 programming period Bulgaria had 11.7 billion euro at its disposal, of which 10.6 billion prearranged and 6.1 billion spent. 53% of the funding allocated for cohesion policy has been absorbed. The biggest sum, over 2 billion euro, was spent on environmental policies, 1.7 million on improving competitiveness of SMEs. 1.35 billion euro was spent on transport, energy and infrastructure projects. Some of the funding is yet to be paid out and absorbed, investor.bg writes.

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

Radio Bulgaria Economy Cohesion policy EU spending

More from category

Bulgaria’s debt for 2024 amounts to 24.1% of the GDP

Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..

published on 4/22/25 12:16 PM

62% of Bulgarian workers earn less than the living wage

A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..

published on 4/22/25 11:21 AM

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..

published on 4/18/25 7:05 AM