Sun, Nov 22 2009

Brussels mulls tougher measures against Bulgaria

Wed, Feb 18 2009 09:57 CET byNick Iliev 1004 Views 2 Comments
European Parliament's budgetary control committee has suggested that new measures are adopted to pressurise Bulgaria and Romania into making necessary assurances over funds they receive from the European Union, reports have said.

On February 17, the committee adopted a European Anti Fraud Office (OLAF) report on the efforts that Bulgaria and Romania have made to ensure proper spending of EU funds.

The sudden, yet perhaps inevitable, change in policy stems from the same report, which said that the two Balkan neighbours have, proportionate to their population, "the highest ratio of financial fraud in the EC, with Bulgaria leading the charts", as quoted by website investor.bg.

Furthermore, both the Romanian and Bulgarian governments are repeatedly accused of covering up evidence of embezzlement.

Meanwhile, Bulgaria's Supreme Prosecution of Cassation has also decided to adopt a tougher stance against the fraudulent use of European funds, but at the same time complained that it was unacceptable that it was "unacceptable" that reports of wrongdong always came from Brussels, rather than Bulgarian institutions.

Comments

Anonymous Anon Thu, Feb 19 2009 10:50 CET
Inappropriate comment?

A bit like the pot calling the kettle black, with the amount of mis-management of funds in the European banks

Anonymous Smiley Thu, Feb 19 2009 08:34 CET
Inappropriate comment?

How do you expect Bulgarian institutions to signal wrong doing, when it is these institutions themselves that are guiltly and involved in the fraud itself? Yes, they use various means to cover this up.

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