The paper analyses how Bulgarian authorities respond to the Lisbon Strategy targets on both demands in increasing European competitiveness and in strengthening cohesion. In Central and Eastern Europe countries (CEEC), these demands raise up a dilemma between competitiveness -at the risk of increasing territorial disparities- and, cohesion through territorial equity in redistributing growth benefits. By studying FDI and mid-term financial implementation of the European Structural funds in Bulgaria, we show their spatial impacts regarding this dilemma. The paper also focuses on regional and local levels, as far as they are more and more concerned by the integration process at both global and European scales.