Opportunities to enhance the economic potential of Bulgaria under the European structural funds
DOI:
https://doi.org/10.60054/PEU.2015.2.47-60Keywords:
European integration, Macroeconomic development of Bulgaria, FDI, EU Structural fundsAbstract
Bulgarian economic integration to EU structures continued to deepen over the past decade. However, the country is facing new challenges in relation to adapt towards the requirements of the highly competitive European Single Market. In the first part ofthe study, we analyse the limits ofBulgarian economic development and the difficulties that arose after the economic crisis in the process of catch up. The long lasting period of low economic growth hindered the efforts to update the macroeconomic indicators and to approach the standard of economic development and sustainability of the EU Central European countries. In the second part the analysis deals with EU structural funds effects on Bulgarian economic development and growth in comparison with other EU Central European countries. We try to underline the effects of EU Structural funds to promote the economic integration of Bulgaria and to enhance the potential for economic development and catch up. Data have been collected from articles, books, National statistical institute of Bulgaria, Eurostat, Bulgarian National Bank and others.
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