Bulgaria’s Profit from EU Membership in 2007-2014 at 14.7 Billion Levs

Bulgaria’s Profit from EU Membership in 2007-2014 at 14.7 Billion Levs

Bulgaria’s profit from the eight years of EU membership stands at 14.7 billion levs, according to Finance Minister Vladislav Goranov.
Goranov presented the data in a written response to a question of an MP from center-right party GERB (Citizens for European Development of Bulgaria), according to reports of the BGNES news agency.
The sum constitutes the difference between Bulgaria’s contributions to the EU budget and the EU funding granted in the period 2007-2014.
In its eight years of EU membership, Bulgaria contributed a total of 6.2 billion levs to the EU budget, at the same time receiving 20.9 billion levs in EU funding.
The EU funding was received under pre-accession instruments like PHARE, ISPA, SAPARD, under the EU Structural Funds and the Cohesion Fund, under the EU Financial Tools for the Implementation of the Schengen Acquis, under the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund, under direct payments to agricultural producers and under the Kozloduy International Decommissioning Support Fund.
 
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