Ten years after joining the European Union, Bulgaria continues to benefit from EU funds. The experience gained in the first programming period 2007-2013 has proved to be a critical factor in ensuring a better programme and project management.
The figures in KPMG’s latest study on EU funds implementation across Central and Eastern Europe show that, in comparison to the contracting ratios of all CEE countries, Bulgaria is among the top three countries as regards the European Regional Development Fund, the European Social Fund and the Cohesion Fund with a 32% contracting ratio at end 2016, the other top performers being Estonia which ranks first with 47% and Hungary second with 45% at end 2016.
Overall, for the first three years of the current programming period, Bulgaria has demonstrated good results in EU funds implementation, as compared to the same period in the previous programming period (2007-2009). The European Structural Funds’ implementation shows a gradual acceleration in terms of contracting. The payment (7%) and EC certification (3.5%) ratios are at average level compared to the other CEE countries.
More information and the complete study can be found HERE.