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EU funds absorption at 92% — image from the original website

The Prime Minister of the Republic of Bulgaria announced that, up to August 2015, EU funds amounting to 92% of the allocations for the 2007–2013 programmes had been absorbed. The average among the EU’s 28 countries is 78.5%. This result confirms the good performance of the administrative arrangements needed to distribute European structural funds and represents an excellent development opportunity for local and foreign investors.