Send to Kindle
Nikolina Angelkova, caretaker Transport Minister, photo by BGNES
Bulgaria may lose EU funding of BGN 24M under the "Transport" Operational Program, according to Nikolina Angelkova, caretaker Transport Minister.
Angelkova announced that she had received a preliminary audit report from the European Commission on Friday and that her team had two months to correct the errors in infrastructure projects to reduce the amount which EC could cut.
She said that 63% of the funding under Transport OP, or nearly BGN 2.5B, had been distributed and paid out.
"This is a preliminary report and we have two months to respond to all findings in it in order to minimize the financial correction or cancel it altogether," Bulgaria's caretaker Transport Minister stated.
She added that the minimization of losses under the operational program was a priority task of the Transport Ministry.
"If we manage to pay out EUR 82 M by end-2014, we shall have no problems with EU funds absorption," Angelkova stated, as cited by the Bulgarian Telegraph Agency.
She noted that the exact amount of potential losses under high-risk projects was being calculated.
Angelkova explained that an inspection was about to be launched into the delayed projects for the construction of Lot 4 of the Struma motorway, Lot 1 of the Maritsa motorway, and the Plovdiv-Svilengrad railway line.
She vowed to work on the Connecting Europe Facility as a priority task, and the routes Vidin-Sofia and Sofia-Dragoman in particular.
Angelkova also informed that the Transport Ministry was hoping to complete a railway project and a Danube navigation project by September.
She also pledged an in-depth analysis of the financial state of the Bulgarian State Railways (BDZ) company and the National Railway Infrastructure Company.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgarian naval forces will receive a wide range of diving equipment and unmanned underwater vehicles, the press service of the Navy headquarters in Varna announced, reports Darik.
An over optimistic scenario for the completion of the Struma highway described the Minister of Regional Development Nikolay Nankov in the parliament, reports mediapool.
China Railway Rolling Stock Corporation – CRRC has proposed to invest EUR 300M under a project for strategic partnership with Bulgaria’s indebted state – owned railways operator BDZ, the Bulgarian Transport Ministry, said on Thursday.
Bulgaria has negotiated 38,44% of the European funding until 2022, according to information regarding the implementation of the EU funded operational programs, cited by BGNES.
Cabinet ministers have discussed options for financing the renovation of Bulgarian churches with Holy Synod officials, the government press office announced on Tuesday.
Carlos Moedas, European Commissioner for Research, Science and Innovation, arrives Thursday in Sofia to meet with President Rosen Plevneliev, Prime Minister Boyko Borisov, and Education Minister Todor Tanev.
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
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 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.
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
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.
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
