COHESION POLICY AS A FACTOR FOR THE DEVELOPMENT OF THE ECONOMY OF BULGARIA

Daniela Todorova, Nina Gergova, Petar Kolev, Krasimir Krastanov

Abstract


The urgency of this article is dictated by the importance of one of the largest sources of financial support at the European Union level, namely the Cohesion Policy. Its purpose is to promote economic and social cohesion by reducing disparities between the Member States and allowing all regions to compete effectively in the European market. The article presents the possibilities of the cohesion policy for the development of the Bulgarian economy. The idea is that through the implementation of various projects, using the financial instruments of cohesion policy, economic, social, and territorial convergence of the Bulgarian economy is achieved. The article analyzes various economic indicators affecting the investment climate of Bulgaria as a member state of the European Union. Cohesion policy is proven to be a modern and effective tool that promotes the implementation of progressive ideas and approaches and helps to create better-living conditions for European citizens, promoting economic, social and territorial cohesion between the regions of Europe.


Keywords


cohesion policy, competitiveness, development, economy, integration.

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References


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