expat newsHome >
General Information > Useful info
|
About Us | Advertise | Expat Games |
Businesses in Bulgaria need flexibility to utilise EU funds- Oresharski
Bulgaria’s businesses should show some flexibility and join the process of EU fund utilisation, Finance Minister Plamen Oresharski said during the first national conference on EU fund utilisation.
The more capitalised Bulgarian businesses become, the better standards of living will Bulgarians have, he said.
Bulgaria could utilise between 12 and 13 billion euro from EU’s structural, cohesion and agriculture funds until 2015.
The EU allocated more than 6.85 billion euro of its budget until 2013 to Bulgaria. The country will have to try to utilise this amount, Oresharski said.
Bulgaria’s National Strategic Reference Framework (NSRF) for EU fund utilisation, caused some controversy because it focuses on some economic sectors while seemingly neglecting others. Part of Bulgaria’s economic sectors do not meet EU priories, Oresharski said.
Finance Ministry tried to find the balance of national and EU priorities.
Indications that the European Commission would approve the NSRF by the summer of 2007 exist. The operative programmes will probably be approved in the autumn, Oresharski said.
Oresharski said that the most important strategic goals of Finance Ministry are the development of competitiveness and human capital.
Project executors to utilise EU funds will have three years to finish the projects, starting the moment of contracting the financial aid. They will receive advance, intermediate and final payments and co-funding from Bulgaria. Advance payments will amount to up to 20 per cent of the total sum of funding.
May 22 2007, story by Elitsa Savova
The more capitalised Bulgarian businesses become, the better standards of living will Bulgarians have, he said.
Bulgaria could utilise between 12 and 13 billion euro from EU’s structural, cohesion and agriculture funds until 2015.
The EU allocated more than 6.85 billion euro of its budget until 2013 to Bulgaria. The country will have to try to utilise this amount, Oresharski said.
Bulgaria’s National Strategic Reference Framework (NSRF) for EU fund utilisation, caused some controversy because it focuses on some economic sectors while seemingly neglecting others. Part of Bulgaria’s economic sectors do not meet EU priories, Oresharski said.
Finance Ministry tried to find the balance of national and EU priorities.
Indications that the European Commission would approve the NSRF by the summer of 2007 exist. The operative programmes will probably be approved in the autumn, Oresharski said.
Oresharski said that the most important strategic goals of Finance Ministry are the development of competitiveness and human capital.
Project executors to utilise EU funds will have three years to finish the projects, starting the moment of contracting the financial aid. They will receive advance, intermediate and final payments and co-funding from Bulgaria. Advance payments will amount to up to 20 per cent of the total sum of funding.
May 22 2007, story by Elitsa Savova
Art
Live Music