Bulgaria

Bulgaria launches first trial for abuse of EU funds

BulgariaSofia  - A Bulgarian court on Monday launched a trial against 9 people accused of embezzling millions from European Union aid funds.

The defendants were accused of stealing 14 million leva (9.6 million dollars) from funds made available to Bulgaria by the EU as part of the SAPARD (Special Accession Programme for Agriculture and Rural Development) programme.

The defendants allegedly imported used machinery for meat processing, but forged documents so the machines could be registered as new. The EU fund was drawn upon for the cost of new equipment, with the defendants allegedly pocketing the difference.

Trial starts in Bulgaria against 9 persons for embezzling millions from EU Aid Funds

Sofia - A Bulgarian court on Monday launched a trial against 9 people accused of embezzling millions from European Union aid funds.

Bulgaria passes overdue law on conflicts of interest

BulgariaSofia  - Almost two years after joining the European Union, Bulgaria has passed legislat

Bulgaria overshoots annual inflation target rate in September

Sofia, BulgariaSofia - Bulgarian retail prices went up by 1.1 per ce

Bulgaria raises guarantees for savings to 50,000 euros

Sofia, BulgariaSofia  - Bulgaria will raise guarantees for bank deposits from 20,000 to 5

EU reprimands Italy, Bulgaria, Romania over emergency number

Eurpeon Union LogoBrussels - The European Commission on Thursday opened legal proceedings against Italy over its failure to fully implement the European Union's common emergency phone number - 112.

The EU executive, in its role of guardian of the bloc's treaties, also referred Bulgaria and Romania to the European Court of Justice (ECJ) for similar failures.

Pages