ADVERTISEMENT

EU set to punish Bulgaria over corruption

EU

The European Commission will withhold some €500 million ($788.5 million) of EU funds allocated to its member state Bulgaria.

Reuters said on Saturday that Sofia looks certain to lose these previously approved funds because of corruption in this country. Brussels believes that the money could be subject of abuse. In addition, the mid-term EU budget’s €11 billion ($17.34 billion) set aside for Bulgaria will be closely monitored, the agency said. The EU will in July come up with a proposal for judicial and anti-corruption reforms for its newest members, Bulgaria and Romania. But unlike Bulgaria, Romania looks likely to receive only a warning that it should improve its anti-corruption methods. The corruption in Bulgaria reportedly occurred in none other than the agencies that channeled the EU money. (B92)

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.