EUOBSERVER / BRUSSELS - Bulgaria is next week set to lose pre-accession funds following concerns over possible fraud cases, according to a report from the Reuters news agency. The European Commission will next Wednesday (23 July) publish its annual reports on justice and home affairs problems in Bulgaria and Romania as part of its ongoing monitoring process for the two member states. Sofia could lose some €500 million in pre-accession funds. Additionally, Brussels will publish a third document on the handling of EU funds in the two states. Both Sofia and Bucharest - EU members since 1 January 2007 - are expected to be criticised for their levels of corruption, but only Bulgaria is to be punished by losing funds, according to the press agency. The funds are worth some €500 million and have already been frozen due to investigations by the European Anti-Fraud Office (OLAF).
EUOBSERVER / BRUSSELS - Bulgaria is next week set to lose pre-accession funds following concerns over possible fraud cases, according to a report from the Reuters news agency.
The European Commission will next Wednesday (23 July) publish its annual reports on justice and home affairs problems in Bulgaria and Romania as part of its ongoing monitoring process for the two member states.
Sofia could lose some €500 million in pre-accession funds.
Additionally, Brussels will publish a third document on the handling of EU funds in the two states.
Both Sofia and Bucharest - EU members since 1 January 2007 - are expected to be criticised for their levels of corruption, but only Bulgaria is to be punished by losing funds, according to the press agency.
The funds are worth some €500 million and have already been frozen due to investigations by the European Anti-Fraud Office (OLAF).
following concerns over possible fraud cases,
I have no idea how that "possible" slipped in. Anyone who's been to Bulgaria knows there is no doubt whatsoever keep to the Fen Causeway
