Factors for adoption of EU funds in Bulgaria.

The main purpose of the current analysis is to evaluate the effect of multiple factors (including impact of the quality of governance) upon implementation of Regional policy in Bulgaria and more precisely upon absorption of structural and investment transferred funds. The methodology used is in line with the relatively recent trend in research that attempts to measure the "quality of governance" (as a complex quantitative concept) and its impact on various aspects of public governance and public policies and on the implementation of EU regional policy in particular. In order to reach the main goal of the study a regression equation was constructed and was applied to multiple linear regression build at two levels - national and regional (NUTS II). This study aims to test the hypothesis that the quality of governance in Bulgaria has significant impact on implementation of EU Regional policy in Bulgaria. We argue that improving the quality of governance results in decreasing the deviations among regions in absorbing support from structural funds.