Bulgaria and Germany Top EU Social Funds Absorption
Bulgaria in EU | October 17, 2013, Thursday // 12:34| views
Photo by eutopialaw.com
Bulgaria and Germany are ranked top in the absorption of European Social Fund money during 2013.
The European Commission has transferred 16.9% of the funds allocated for Bulgaria during the 2007-2013 program period, suggests EU data. The average absorption rate of the EU member states is 11%.
The most efficient absorption is in the Human Resources Development Operational Program, where Bulgaria has received BGN 980.5 M, or 48.6% of the total available funds.
By the end of 2013, the figure is expected to go up to BGN 1.37 B, or 52% of the agreed funds.
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