EC Strips Two Bulgarian Agencies of Accreditation to Handle EU Funding

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The European Commission has blocked hundreds of millions of euros in pre-accession aid for Bulgaria and barred two key agencies from receiving EU funding as a result of corruption and mismanagement of finances, the commission's spokesman Johannes Leitenberger said.

The monitoring report of the EC on EU's poorest member shows that the fight against high-level corruption and organized crime have given no results and the commission has to take actions to protect the taxpayers' money.

„The commission has decided to confirm officially the freezing of the pre-accession funding and the revocation of the accreditations of two executive agencies, which allocate financing under these pre-accession funds, according to Leitenberger.

The revocation refers to the Central Finance and Contracts Unit (CFCU) at the Ministry of Finance and the PHARE Executive Agency at the Regional Development and Public Works Ministry.

The EC points out that Bulgaria should also make improvement in the judicial reform. The country made efforts establishing the State Agency for National Security, but it remains to be seen whether these steps will lead to concrete results in the fight against organized crime, according to the report.

Photo: Profit.bg

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