The EU Regional Policy Commissioner Danuta Huebner said Tuesday in Brussels that Bulgaria might lose all funding under the pre-accession ISPA program unless urgent measures were taken to fix the country's funds absorption system.
The Commissioner warned that in the coming months the absorption of EU funds in Bulgaria would be watched really closely, and this in itself could lead to extending the current situation where the funds are frozen until the end of 2008, the Bulgarian Information Agency BTA reported.
Huebner also announced the Commission was still awaiting the report and the recommendations of the independent auditor of Bulgaria's Road Agency KPMG.
Meanwhile in Sofia Bulgaria's Deputy PM on monitoring EU funds Meglena Plugchieva said that this or next week the cabinet was going to consider a package of legislation measures to define the criteria for blacklisting firms, which had abused EU funds, and to eliminate them from future public procurement procedures financed by the EU or by the state budget.