72% Of EU Funding For Bulgaria For 2020 Already Negotiated

Till the beginning of June 2019, about BGN 16.7 billion, amounting  72% of the total financial framework of the programs co-financed by the European Structural and Investment Funds (ESIF) for the period 2014-2020, have been negotiated, Deputy Prime Minister Tomislav Donchev said, according to BGNES.

Under the Rural Development Program (RDP) 63% of the total budget of the program is agreed or BGN 3.6 billion, the Deputy Prime Minister added.

The funds disbursed for all programs co-financed by the ESIF amount to BGN 7.83 billion or 34% of the total program budget, including payments under the RDP – BGN 1.8 billion (32% of the program budget ).

By comparison, over the previous programming period, 51% of the program budget was negotiated at the same stage and payments to the beneficiaries amounted to 26%, so, there is a nearly 21% increase in the contracted funds, which is a prerequisite for further acceleration of the rate of real payments to the beneficiaries, Donchev said in response to a parliamentary question.

He emphasises that the acceleration of the pace of both contracting and payment under OP “Regions in Growth”, OP “Innovation and Competitiveness” and OP “Human Resources Development” is particularly eminent.

The current OP “Regions in Growth” has reached 87% negotiation at 34% for the previous program. For payments under the “Regions in Growth“ OP, the comparison is also in favour of the current programming period – 44% have been paid for only 24% in the previous period.

Under OP “Innovation and Competitiveness”, the agreed funds amount to 75% of the budget and 30% for the same stage of the previous programming period. For payments, the comparison is again in favour of the current programming period – 40% paid compared to 25%.

Donchev also reports that under OP “Human Resources Development” the contract reached 79% of the budget for 62% for the same stage of the previous programming period. For payments, the comparison is again in favour of the current programming period – 45% paid compared to 21%.

The Deputy Prime Minister added that OP “Transport and Transport Infrastructure” is running at a similar rate as the program from the previous programming period – more than 83% of the budget was contracted at 82% for the same period of the previous programming period. For payments, the situation is similar – 33% compared to 31% in the previous period.

Under the “Science and Education for Smart Growth” OP, the program funds reached 68% of the budget and 25% have been paid at the moment.

The other two programs OP “Environment” and OP “Good governance” (compared to OP “Administrative Capacity” and OP “Technical Assistance”) also show better contracting rates compared to the previous programming period.

At present, the effects of the investments made by the European structural and investment funds on the Bulgarian economy can be taken into account. Towards the end of 2018, the econometric SIBBSLA model shows their positive impact on macroeconomic indicators of the country compared to the non-euro-area scenario, namely: GDP growth of 4.0%; employment growth by 6.7%; reducing unemployment by 3.1 percentage points; increase of the average salary by 2.8%, said Donchev.

Read More

Burgas Ranks 6th In Top 10 Cities To Drive-In List

Bulgaria’s coastal city Burgas entered the ranking of the top 10 cities to drive in. The conclusion was made by the Discover Car Hire web portal...

MDK Elektronic Begins Construction Of 22 Million BGN Plant

The construction of the plant of the German company MD Elektronic in Vratsa, where BGN 22 million should be invested and approximately...

International Tourism Revenues In Bulgaria Have Increased

International tourism revenues in Bulgaria over the January-November 2019 period amount to EUR 3.6 billion, the Bulgarian National Bank has announced, BNR reported. Even though...


NSI: Revision Of GDP Announced

In the fourth quarter of 2019 GDP1 at current prices amounted to 32 682 million BGN. In Euro terms GDP reaches 16 710 million...

Suspect In Viktoria Marinova Murder Arrested

Hundreds gather before the Palace of Justice in Sofia in memory of Viktoria Marinova / Author: Liliya Goranova SOFIA (Bulgaria), October 10 (SeeNews) - A...

Petya Avramova To Open The Business and Regions Conference

Bulgaria’s Minister of Regional Development and Public Works Petya Avramova on June 21 will open the conference "Business and Regions". The purpose...