Bulgaria – an ideal business environment


Co-funding for next programming period 2014-2020

Co-funding for Bulgaria for next programming period 2014-2020 from European Structural Funds and new Programs

Bulgaria will be able to use 16.5 billion BGN for next programming period 2014-2020. These are just a European grant funds without national co-financing. A large part of the funds will be invested in such SMEs to innovate. For Bulgaria for the next programming period that funding will be less than 4 billion BGN. It is expected that 30% of the EU financial framework for the period 2014-2020 for Cohesion Fund. This means investment in heavy infrastructure – roads, railways and water sectors. It is expected that 25 percent of the budgetary framework will be from European Social Fund, and the remainder will be from the European Regional Development Fund. Expectations for amount of funds from OPT to be around 5-5,5 billion BGN. There is change in the number of OP. For the period of 2014-2020 they will be 6 – OPAC and OPTA will be united. General position in Bulgaria has four major focus. The first is a request for input CSF 5 European founds – Cohesion and Structural Funds 4:European Social Fund, European Regional Development Fund, European Fund for Rural Development and the European Fund for Fisheries and Aquaculture. The purpose of this change is greater synchronization and simplified procedures for absorption, and strengthening inter-sectoral integration. The second focus is the introduction of the pre-conditions for the appropriateness of the use of funds and matching national and European policies. The third focus is on the application of spatial dimension by coordinating funding sources, an integrated approach to regional and local development, and identification of regions with geography – urban, rural, coastal, mountainous. And fourth focus is on enhanced European Territorial Cooperation applying the widest range of tools – macro-regional strategies and sea basin European groups territorial cooperation.

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