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

Members of election commissions are being investigated over missing ballots

The Prosecutor's Office has initiated pre-trial proceedings against members of the Sectional and Regional Election Commissions in Stara Zagora, Kardzhali, Blagoevgrad and Sofia. During an inspection by the Constitutional Court in connection with a case..

published on 5/12/25 6:02 PM

Bulgarian President submits to parliament the proposal for a referendum on the euro

Bulgarian President Rumen Radev submitted to the 51st National Assembly a proposal to hold a national referendum with the question "Do you agree that Bulgaria should introduce the single European currency "euro" in 2026?" The proposal is based on the..

published on 5/12/25 4:25 PM

For 80 years, civil marriage has been the only valid form of matrimony in Bulgaria

80 years ago, on May 12, 1945, an Ordinance-Law on Marriage was promulgated in Bulgaria's State Gazette, which entered into force on May 27, 1945 . With its adoption, mandatory civil marriage was introduced as the only valid form of marriage. On the day..

published on 5/12/25 3:20 PM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 8 | Max: 16

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

Members of election commissions are being investigated over missing ballots

Bulgarian President submits to parliament the proposal for a referendum on the euro

For 80 years, civil marriage has been the only valid form of matrimony in Bulgaria

BNR, BTA and BNT to stage a protest on May 15

Bulgarian President submits to parliament the proposal for a referendum on the euro

Sun and rain on the first day of the week