The European funds are getting more and more critical for the investment policy of the country

The European funds are getting more and more critical for the investment policy of the country

During the first half year, 57 of the investments of the country were financed by the European funds, according to an analysis of the Bulgarian Chamber of Commerce and Industry (BCCI). Data on the performance of the budget until June 2013 shows that the expenses of the country are 1,335bn, of which 765.8 million is European funding.

 

European funds are consolidated as a major source of investment in the country through which the infrastructure is modernized or other projects are performed with economical benefits for businesses and citizens. According to Bank of Credit and Commerce International (BCCI) the ever-increasing role of the European money should not be underestimated. For comparison, in 2008 the share of European funding in investments of the country are only 11.6%.

 

This is the leading cause Bank of Credit and Commerce International (BCCI) to emphasize the importance of the negotiations of the new operational programs during the next programming period 2014-2020.

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