GERB MP: Bulgaria May Face EU Funds Freeze worth EUR 1.5 – 3 B
Bulgaria may face an EU finds freeze worth EUR 1.5-3 B, according to Lilyana Pavlova, MP of center-right party GERB and former Regional Development Minister.
In a Thursday interview for private TV station bTV, she cautioned that after the EU funds freeze under operational programs "Environment" and "Regional Development", which had been imposed due to serious public procurement breaches, the situation was critical with operational programs "Competitiveness" and "Rural Development."
Pavlova suggested that the budget would not sustain such a measure, adding that the EU funds freeze could reach a total of EUR 3 B, equal to the new loan that the socialist-led government was preparing to take.
She said that she was dissatisfied with the explanations of the Finance Minister as regards the spending of the new loan.
Pavlova acknowledged that there had been irregularities during the term in office of the GERB government, adding that they had only been warned about the problems, while the current government had had the EU funding stopped.
She assured that the opposition would attack the government of Prime Minister Plamen Oresharski until they resigned.
"We do not want power at any cost but the state is about to collapse," Pavlova declared.
The EU funding under operational program "Environment" has been blocked since November 2013, while the EU funding under the "Regional Development" program was stopped a few days ago, according to reports of investor.bg.
Bulgarian Environment Minister Iskra Mihaylova noted that municipalities which were implementing EU-funded projects would face sanctions amounting to around BGN 95 M.
Bulgaria has so far had a total of EUR 90 M in EU funding blocked under the "Regional Development" program.
- » Bulgaria to Receive EUR 6.4 M in Flood Damage Aid from EU Solidarity Fund
- » Bulgaria Moves to Align Its Refugee Legislation with EU Law
- » Bulgaria’s CIBANK, EIF Sign Deal to Provide EUR 100 M to SMEs
- » 1000 Bulgarian SMEs to Receive EUR 100 M in Loans Under EU Investment Plan
- » EUR 471 M to Be Spent on Cross-Border Cooperation Programs with Bulgaria’s Neighbors
- » Bulgaria Cannot Be Forced into Building Migrant Hotspot - Deputy PM
Seriously until Bulgaria (and other EU states) bring corruption under control why should the taxpayers of other EU countries keep pouring money into the pockets of the corrupt - when there is nothing seen to be done for the country the money is intended to improve