EU Funds Fraud in Bulgaria Committed on Massive Scale

Politics » BULGARIA IN EU | September 15, 2021, Wednesday // 14:13
Bulgaria: EU Funds Fraud in Bulgaria Committed on Massive Scale pexels.com

EU funds fraud in Bulgaria is comparable to the largest markets for organised crime such as human trafficking, drug trafficking and illegal fuel trade, according to the “Bulgarian Organised Crime Threat Assessment 2020“,  published by NGO Center for the Study of Democracy.

Abuses range from 5-15% of the funds received from the beneficiaries of the operational programmes in Bulgaria, according to the report. With a total budget of 23.2 billion levs (€11.7 billion), the potential damages for the programming period of 2014-2020 are between 1.16 billion levs (€0.59 billion) and 3.48 billion levs (€1.78 billion).

“EU fund fraud is a special type of crime committed by so-called white-collars, and not by the classic organised crime groups. Most violations have been identified with the funds from the State Fund ‘Agriculture’ in the subsidies for agricultural crops, as well as in the construction of guest houses with EU money that were only used as private homes, the report writes.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Bulgaria in EU » Be a reporter: Write and send your article
Tags: EU funds abuse, Bulgaria, fraud schemes

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria