EU bars Bulgarian payment agencies for graft-draft

The report on the management of EU funds in the newest and poorest member state said: "High level corruption and organised crime exacerbates these problems of general weakness in administrative and judicial capacity.

EU bars Bulgarian payment agencies for graft-draft
The European Commission has barred four Bulgarian agencies from handling European Union funds because of corruption, freezing nearly 1 billion euros ($1.6 billion) in pre-accession aid and threatening future payments, a draft document showed.

The report on the management of EU funds in the newest and poorest member state, seen by Reuters on Friday, said: "High level corruption and organised crime exacerbates these problems of general weakness in administrative and judicial capacity.

"Urgent action is needed because deadlines for contracting some of the funds are approaching after which the funds will be lost to Bulgaria," said the draft, which may be amended before the EU executive adopts it next Wednesday.

Reuters
Last Mod: 18 Temmuz 2008, 13:40
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