Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
Visit Us:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria


Member area
User:*
Pass:*
Register


Bulgaria - Member of the EU and NATO
EUROPEAN UNION AND NATO MEMBER

Bulgaria - Member of the EU and NATO

Bulgaria joined the European Union on January 1, 2007. Alongside with Romania, Bulgaria signed the Treaty of Accession in 2005, arranging an agreement between all EU Member States to become part of the second stage of EU’s fifth enlargement. As of January 1, 2007, Bulgaria has been granted the right to be represented in front of the European Commission with one commissioner – Miglena Kuneva.

As a member of the European Union, Bulgaria will be granted significant financial support from the EU Structural Funds and the Common Agricultural Policy. These Structural Funds and Cohesion Fund are meant to provide financial support to the poorer countries in the union in order to aid their integration and help them catch up with the standards of the advanced European countries. Many European countries, subject to earlier accession than Bulgaria, have benefited enormously from the structural funds provided by the European family. For the strategic period 2007-2013, there will be three structural funds aiding Bulgaria accelerate its economy: European Regional Development Fund (ERDF), European Social Fund (ESF) and the Cohesion Fund. ERDF’s main objectives cover regional economic development and co-operation throughout the EU – subjects for financing are infrastructure, innovation of urban areas, research and innovation of technology, support for small and medium enterprises, creation and maintenance of sustainable jobs, culture and health; the fund is a major instrument for helping to redress regional imbalances. European Social Fund is created to promote employment in the European Union. Its resources are directed towards the development of the labour market: promote better education and improve people’s professional qualifications, increase adaptability of workers, promote social inclusion, increase productivity. ESF invests in people and everything that supports human capital. The Cohesion Fund is a special one: it is to be used only from the EU Member States which GDP is 90% or less than the EU average GDP. The Cohesion Fund finances 2 types of projects – environmental projects and transport infrastructure projects (of European importance).

All of the finances provided by the Structural Funds will be regulated by the European Legislation. The exact way Bulgaria will absorb the finances from the Structural Funds is defined by Bulgaria’s National Strategic Reference Framework, which needs to be approved by the European Commission.

There are 7 Operational Programmes in Bulgaria to be supported by the Structural Funds: Regional Development, Competitiveness, Environment, Transport, Human Resources Development, Administrative Capacity, and Technical Assistance.

The Operational Program for Regional Development is aimed at improving the social and economic conditions in Bulgaria. The main goal of the programme is to help Bulgaria overcome the differences between the 6 regions in the country, as well as to overcome the differences between Bulgarian and other European regions. The financial resources appointed for this programme are 1,601,274,759 Euros, 1,361,083,545 Euros of which will be financed by EU. There are 5 priority axes included in the OPRD:

  1. Sustainable and Integrated Urban Development. Resources: 839,067,973 euros, 713,207,777 of which are will be financed by the fund
  2. Regional and Local Accessibility. Resource: 400,318,689 euros, 340,270,886 of which will be financed by EU
  3. Sustainable Tourism Development. Resources: 218,009,623 euros, 185,379,580 of which will be financed by EU
  4. Local development and co-operation. Resources: 89,671,387 euros, 76,220,679 of which will be financed by EY
  5. Technical Assistance. Resources: 54,123,087 euros

Operational Programme Environment will be financed with 1,800,748,087 euros by 2013.

Operational Programme Competitiveness is aimed at developing a dynamic economy, competitive on the European and World markets. Resources appointed for the financial support of this Programme are 1.1 billion euros (to be financed by EU and Bulgaria).

Operational Programme Human Resources Development is aimed at developing the human capital in the country, limiting unemployment, increasing the salaries and the social integration. Resources planned for this Operational Programme are 1,213,869,575 euros.

Resources for Administrative Capacity appointed for the period 2007-2013 are 180,789,087; 153,670,724 of them are planned to be funded by the European Social Fund.

Resources for Technical Assistance are 56,819,427; 48,296,513 of them are planned to be funded by the European Regional Development Fund.

Fishery is also an Operational Programme, the difference between Fishery and the other 7 programmes is that it will be funded by the European Fisheries Fund. Resources appointed for this programme are 107,000,000 euros, 75 % of which will be financed by the EU.

Financing from the Common Agricultural Policy
Here is the financial support appointed from the European Agricultural Fund for Rural Development (in millions of euros):
 

Year

European Union

Bulgaria

Total

2007

244,06

59,46

303,52

2008

337,14

82,03

419,18

2009

437,34

106,22

543,56

2010

399,10

96,61

495,71

2011

398,06

96,36

494,42

2012

397,70

96,27

493,97

2013

395,70

95,79

491,49

Total (mln euros)

2 609,10

632,75

3 241,84

Total (mln leva)

5 102,95

1 237,54

6 340,50

 Source: www.eufunds.bg



 

Invest Bulgaria Charts
Gross Domestic Product of Bulgaria
Gross Domestic Product of Bulgaria

Private Sector External Debt of Bulgaria
Private Sector External Debt of Bulgaria

See all charts
Did You Know?
Vitosha National Park
Vitosha National Park
Vitosha National Park, located right next to Sofia, offers endless options for recreation ... More
Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

Melnik, the smallest town in Bulgaria, is located in Blagoevgrad district. It is a town-museum having 96 buildings pronounced for cultural monuments. Melnik is also famous for its wine made of unique varieties of grapes, and for the sand and limestone pyramids - exceptional geographical structures for the territory of Bulgaria.

SNAPSHOT OF BULGARIA
CORP. TAX 10%!
INCOME TAX 10%!
GDP 2011 € 38.6 B
GDP 2012 Q1 € 8.06 B
Inflation 1.7%
Unemployment 12.9%
GDP growth 2011 1.7%
GDP growth Q112 0.9%
FDI 2011 1,341.2 B
Today on Invest Bulgaria
Member Companies: 6336
Latest members: 0
News Stories: 1309
Factsheets: 34
Macro charts: 30
Investment offers: 107

Latest Featured Members
Aidos
Aidos
Regus Bulgaria Ltd.
Regus Bulgaria Ltd.
Next Point Ltd.
Next Point Ltd.
InterContinental Recruiting
InterContinental Recruiting
E&G Account Ltd
E&G Account Ltd
Tzvetkova & Partners
Tzvetkova & Partners
GUGUSHEV & PARTNERS
GUGUSHEV & PARTNERS
Horizons
Horizons

© Copyrighted 2004 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Share:  


Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Printing Sofia Web Works Kavarna Properties Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing
Invest in Myanmar Serbia Fashion Real Estate Caesarea The World Fashion Hub Turkish Fashion

Crafted by Sofia Web Works®