A comprehensive KPMG study shows that Bulgaria is among the three countries in Central and Eastern Europe that have started implementation of the new programming period 2014 – 2020.
EU Structural and Cohesion funds contribute 11-24% of the GDP of EU Member States in Central & Eastern Europe (CEE), making outstanding contributions to these countries’ infrastructure, transportation systems and urban modernization, among others. Following the completion of the 2007-2013 programming period, CEE countries now find themselves in the 2014-2020 EU funding interval, having finalized the negotiations stage with the European Commission, while some, Bulgaria being among them, are even at the implementation stage.
What does the data mean for Bulgaria?
Bulgaria demonstrates average results in terms of overall progress in EU funds implementation. At the end of 2015, the country achieved 105% contracting and 95% payment ratios which is slightly above the average CEE result. However, in terms of disbursed amounts by the European Commission Bulgaria lags behind the other countries with only 81% certification ratio, while others, such as the Baltic countries, Slovenia and Poland score the highest ranking with an average of 96% certification ratio.
In terms of the current 2014-2020 programming period only Bulgaria, Estonia and Poland have started implementation, Estonia being the leader in this respect with 23% contracting and 2% payment ratio at the end of 2015. This result might be due to the fact that the country reduced the number of operational programmes compared to the previous period from three to one, thus aiming at better coordination and efficiency. For Bulgaria the results are close to 8% contracting and 0.7% payment ratios, respectively.
More from the survey
The latest survey from KPMG's Government & Infrastructure Sectors practice in CEE, entitled EU Funds in Central and Eastern Europe: Progress Report 2007-2015, shows the progress of the CEE member states in the present funding period, and reveals the general trends, successes, areas for improvement and lessons learned throughout the programming period for each country.
© 2017 KPMG Central and Eastern Europe Ltd., a limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.