Since its accession in the European Union in 2007,[1] Bulgaria has been part of the EU's Cohesion Policy. This program introduces financial instruments, also known as the European Structural and Investment Funds, which aim to reduce the gap between different regions of the EU and improve their economic wellbeing.[2]
Bulgaria is currently in its second Cohesion Policy program period, spanning from 2014 to 2020, with the first starting at its accession and ending in 2013. The European Structural and Investment Funds have had a positive effect on the growth of employment, economic growth, and new infrastructure.[3] In addition, there are many visible results from implemented projects in the field of transport, regional development, environment, and agriculture.[4]
- ^ "Romania and Bulgaria join the EU". 2007. Retrieved 2017-12-16.
- ^ "European structural and investment funds". European Commission - European Commission. Retrieved 2017-12-16.
- ^ Moralyska, Monika (2017). "The EU Cohesion Policy's Impact on Regional Economic Development: The Case of Bulgaria". Journal of Economic and Social Studies. 7 (1): 5–23. doi:10.14706/JECOSS17713. ISSN 1986-8499.
- ^ "Annual report" (PDF). parliament.bg.