Brussels is to issue a damning report on high-level corruption, maladministration and failures in the handling of EU funds in Bulgaria.
The draft report on the management of EU cash in the unions youngest and poorest member state says, “High level corruption and organised crime exacerbates the problems of general weakness in administrative and judicial capacity.”
The report said to be the most scathing ever written about a member state.
Angel Stefanov a political analyst says, “ Yes they are right to stop the money, the accusations are legitimate. We bump into cases of corruption everyday-for example recently a high magistrate was arrested for allegedly for taking a huge bribe from Varna.”
As a result, Brussels has barred four Bulgarian agencies from handling EU money because of corruption, freezing 1 billion euros in aid and threatening future payments. Cash to two key implementing agencies has been suspended, estimating the amount of money involved to be some 610 million euros.