Bulgaria's C-Bank Picks Deloitte to Evaluate Asset Quality
The Bulgarian National Bank says it has selected through public procurement Deloitte Bulgaria as the auditing company to assess the quality of assets in the banking system.
Bulgaria Allows New Delay in Selection of Auditor of Agricultural Subsidies
- Tweet
Send to Kindle
Photo by EPA/BGNES
Bulgaria may lose a part of a total of over EUR 1.3 B in EU subsidies for agriculture paid by the state due to yet another delay in the selection of an external auditor.
The current situation seems to be a repeat of the last-minute selection of Deloitte Bulgaria as a certifying authority for the EU subsidies for agriculture paid in the period October 2013 - October 2014.
In December 2014, Deloitte Bulgaria, which offered the lowest price, won the direct agreement procedure after a series of unsuccessful public procurement procedures.
Deloitte Bulgaria had only two months to check the legality of payments worth a total of BGN 1.66 B, according to reports of dnevnik.bg.
Bulgaria is currently seeking an auditor for a period starting in October 2014 and the competition has not been announced yet.
According to a statement of the authorities in charge of the matter, they are working on the preparation of a transparent procedure for the selection of a new auditor.
According to calculations of dnevnik.bg, Bulgaria may have a certifying authority for agricultural subsidies by the end of the first half of 2015 under the best-case scenario.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgarian Farmers to Receive EUR 7 B in EU Direct Payments by 2020
Bulgarian farmers will get EUR 7 B in EU direct payments by 2020, according to Deputy Prime Minister Tomislav Donchev
Bulgaria's Central Bank Holds Meeting on KTB Recovery
Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.
Bulgarian Farmers Received Over BGN 60.3M in State Aid Since Jan 2014
Bulgarian farmers have received a total of BGN 60.3 M in state aid since the beginning of 2014, according to Tatyana Angelova, Deputy Executive Director of the State Fund Agriculture (SFA).
Business | August 7, 2014, Thursday // 15:12
Bulgaria's Audit Office Finds Illegal Bill 'Cross-Subsidies'
Illegal cross-subsidies are being practiced between heating and electricity bills in Bulgaria, the National Audit Office has stated in its latest report.
Parliament Finally Overturns Audit Office Act Veto
The Bulgarian Parliament voted against President Plevneliev's veto on amendments to the Audit Office Act.
Bulgaria’s Defense Minister thinks there was an Explosion on Board Prigozhin’s Plane
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
EC is Preparing Criminal Proceedings against Bulgaria for Accessing Data from Criminal Record Certificates
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission Started an Evaluation of the Bulgarian Recovery Plan
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
Nearly 60% of Bulgarians are Skeptical about Adopting the Euro
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Bulgaria Is Late to Explain Its Position on N.Macedonia Says Diplomat
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
New German Government and Old Bulgarian "bad boy" Borissov
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
