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

Lukoil Bulgaria: It is not true that the company is ceasing its operation in Bulgaria

“All sites in the “Lukoil” retail network are functioning and will continue to operate in normal mode.” This is stated in a press release from the company regarding information spread in some media about the upcoming termination of the activities of..

published on 11/13/25 9:45 AM

Parliamentary Energy Committee rejects presidential veto on the Lukoil Special Manager

The parliamentary Energy Committee has rejected President Rumen Radev’s veto on the legislative amendments concerning the powers of the special manager of “Lukoil Neftohim Burgas.” President vetoes legislative amendments related to the special..

published on 11/13/25 8:45 AM

Tsarevets prepares for two versions of Sound and Light Show in one day

For the first time in the 40-year history of the audio-visual show "Tsarevgrad Tarnov - Sound and Light" in Veliko Tarnovo, its two versions will be shown in one day, the press center of the municipal administration has reported...

published on 11/13/25 7:05 AM