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.
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier , reaching the highest level in 12 months (since January 2024, when it..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a meeting with aviation industry representatives. Minister Karadjov emphasized that he supports the idea..
A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador..
+359 2 9336 661