Bulgaria – an ideal business environment

Strategy ,, Europe 2020”

For the next programming period Europe will rely to new type of growth. The new long – term strategy has already been adopted. Its named Strategy ,, Europe 2020”. Essentially it is a successor to the Lisbon’s strategy and also it is a instrument for solving short – term problems and it is a vision for long-term reforms focused on growth and working places. Problems before the EU are many and they insisted rational and effective decisions. The new integrated three priorities for next planning period are sustainable, intelligent and inclusive growth. Sustainable growth requires supporting of greener economy and efficiently use of resources. Intelligent growth requires building of economy based of innovation and knowledge. Inclusive growth is related to stimulation the economy with high levels of employment and less social and territorial inequality. In the next period seven leading initiatives in seven areas will be developed:
• ,,Innovative union” – Innovation
• ,,Youth on the move” – Education
• ,, Program in area of digital” – Digital society
• ,,Europe for sustainable use of resources” – Climate, Energy and Mobility
• Industrial policy for the era of globalization” – Competitiveness
• ,,Program for new skills and new working places” – Employment and skills
• ,,European platform against poverty” – Poverty


Measurements of these initiatives are a group of indicative targets:
• Employment to 75% of the population aged 20-64
• investing 3% of GDP in innovation
• Reduce greenhouse gas emissions by 20% compared to 1990, obtaining 20% of energy from renewable sources, increasing energy efficiency by 20%
• Increase to 40% of 30-34 year olds graduates
• Decrease to 9% of early school leavers
• Reduction of at least 20% of the poor or at risk of poverty


To ensure that each county will involve these measures EC require each of them to develop National Reform Programs. National Reform Program for Bulgaria is already developed. Four main priorities are fixed: better infrastructure, competitive youth, better business environment and greater confidence in state institutions. Indicative targets for Bulgaria are:
• Employment to 76% of the population aged 20-64%
• 1,5% of GDP to be invested in innovation
• Increasing energy efficiency by 25 %, obtaining 16 % of energy from renewable sources
• Decrease to 9% of early school leavers
• Reduction of number of people at risk of poverty by 260 thousands.


Every two years, European Commission will supervise the implementation of the objectives. If same of these indicative targets is not implemented as planned, financial penalties will follow and also reducing or stop funding. Probably that will be the biggest problem for Bulgaria and as a result many beneficiaries will be affected by these sanctions. Targets was not discussed with beneficiares.

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