Bulgaria will fail to attract even half of EU funds
Bulgaria will not be able to use even half of the funds of 6.6 billion euro earmarked by the European Union for operational programs, says the head of the Bulgarian Institute for Management Programs and Projects, Petar Stoianov to Darik radio.
Bulgaria has used so far only 1.2% of the 13 billion leva (6.6 billion euro) made available by the EU in 2007-2013, for European programs, said Stoianov.
Therefore, small and medium firms have asked the new government to take urgent steps to improve legislation on projects financed by European funds.
The companies’ representatives suggested to invite a mission of the European Commission. However, they stressed the need for a better cooperation between authorities and the speed of resolving the cases of fraud.
Stoianov believes that a company with mixed capital, state and private or even with exclusively public participation, should be established to help small town’s councils to apply for European projects.
