During the second 7-year-long programming period of the EU, Bulgaria has absorbed 54% of financing provided under EU funds. Out of a total of 9.9 billion euros allocated under 10 programs, 6.360 billion euros had been absorbed by December 31, 2020, according to an analysis by the Ministry of Finance.
In the period 2014-2020, EU funds made the country's GDP rise by 8.3%. EU funds have boosted private investments in this country by 23.7%. Thanks to EU funds, employment has also been growing. The total cumulative effect for 7 years is estimated at 13.7%. The average salary had also risen by 8.4%, according to the analysis.
Absorption of EU money was lowest under the Maritime and Fisheries Programme - 33% and under the Environment Programme - 38%. The best performance is seen under "Human Resources Development" - 72% and "Regions in Growth" - 62%.
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
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