Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in terms of EU grant assistance. The problem is particularly severe in the Southwestern region, which includes Sofia city. According to the EU cohesion rules, when a region's GDP per capita reaches 100% of the EU average, the regions receive 30% co-financing for EU programs.
In the Southwestern region, due to Sofia's indicators, the coverage is 100%. Transitional regions, with a GDP between 75% and 100% of the EU average, receive 60% grant aid, while underdeveloped regions receive 85%. In Sofia city, the GDP per capita is close to 130% of the EU average, which affects the neighboring districts – Sofia District, Pernik, Kyustendil and Blagoevgrad, where the coverage is between 54% and 31%. The bundling of these districts with the capital city limits their access to EU funds.
A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador office in Italy, accredited for Bulgaria. The event will take place on March 13, 2025 at the..
The USA is among Bulgaria's leading foreign trade partners, the US market is among the main export destinations for Bulgarian high-tech products . This was announced by the Minister of Economy and Industry, Petar Dilov, at the opening of the Explore..
A Bulgarian-Greek Business Forum with the participation of nearly 60 companies from both countries has opened today in Sofia . The forum is organized by the Bulgarian-Greek Chamber of Commerce and Industry and the Bulgarian Chamber of Commerce and..
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