The 2012 Strategic report on the implementation of the 2007-2013 programmes highlights some of the results of structural investments in Bulgaria between 2009-2012:

• Private consumption is 3.9%  higher in real terms compared to the scenario with zero absorption;
• Government consumption is 8.8% higher (in real terms);
• Private investments are 5.4% higher (in real terms);
• Government investments are 26.3% higher in real terms;
• The number of employees is 4.0% higher (on average for the period 2011-2012 employment generated in the economy as a result of funding under the OPs amounts to 105 000);
• The unemployment rate is 2.4 p.p. lower;
• The average salary is 5.9% higher in nominal terms;
• The budget balance has improved by 0.8 p.p.;
• The share of  public debt in GDP is down by 1.7 p.p.

Lessons learnt:

• Omportance of high-quality strategic planning and programming based on an active dialogue with partners;
• Focus on "growth engines" leading to regional convergence;
• Importance of measures aimed at strengthening the administrative capacity;
• E-procedures are the most effective tool to reduce the administrative burden;
• Balance sound financial management and efficiency.

Note: Information taken from the Presentation of Bulgaria's 2012 Strategic from 25 March 2013.

Read the 2012 Strategic Report  - Bulgaria.

More information is available on the InsidEUROPE page on Bulgaria.

Source: European Commission - DG REGIO