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The fund former head Vesselin Georgiev is charged with awarding contracts worth tens of millions of levs to companies run by two of his brothers. Photo by BGNES
Bulgaria's finance ministry has declassified the financial audit of the state-owned National Road Infrastructure Fund, whose former head is being tried for corruption.
The report was issued in 2008 by KPMG Bulgaria consultancy and discloses violations and lapses that led to the freezing of funds under the PHARE and ISPA pre-accession programs.
The report also singles out cases of clash of interests in awarding contracts for construction works and supervision, which considerably exceed the expenses in the fund budget, oversights in tender procedures and contract signing.
The fund former head Vesselin Georgiev is charged with awarding contracts worth tens of millions of levs to companies run by two of his brothers. The trial has been repeatedly postponed after either the defendant or witnesses failed to appear at the court room.
The controversy that led to the freezing of the EUR 723 M earmarked to improve Bulgaria's dilapidated roads broke out following an investigation by the newspaper Kapital.
Georgiev resigned from his post under pressure from the media.
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Sofia City Court postponed on Monday the trial against the former head of the state-owned National Road Infrastructure Fund, who has been charged for giving lucrative contracts to his brothers.
Emil Georgiev, the brother of Bulgaria's former road agency chief Veselin Georgiev, has been found guilty of covering up conflict of interests in public procurement deals.
Three former Bulgarian ministers have been called upon to testify in a legal case of conflict of interest involving the former head of the state-owned Bulgarian National Road Infrastructure Agency, Vesselin Georgiev, it emerged on Wednesday.
Bulgaria's former Deputy Finance Minister, Dimitar Ivanovski, who appeared as witness in the trial of the former Head of the National Road Infrastructure Fund, failed to offer any relevant insight Thursday.
The former head of the state-owned National Road Infrastructure Fund, who is being tried for corruption, will be expected to turn up at Sofia City Court on Thursday.
The European Commission has decided to unfreeze a total of EUR 1,25 B for the improvement of Bulgaria's dilapidated roads, after blocking part of them last year following corruption charges against the former head of the state-owned infrastructure fund.
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
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