Bulgaria’s Caretaker Govt OKs Financial Corrections of BGN 152 M under OP Environment

Business | September 17, 2014, Wednesday // 13:40
Bulgaria: Bulgaria’s Caretaker Govt OKs Financial Corrections of BGN 152 M under OP Environment Photo by EPA/BGNES

Bulgaria’s caretaker government has approved financial corrections worth BGN 152 M under operational program “Environment.”

In a bid to achieve the unblocking of frozen payments under operational program “Environment”,  Bulgaria’s caretaker government approved the proposal of the European Commission for financial corrections amounting to BGN 152 916 261, according to reports of the BGNES news agency.

The financial corrections amount to 9.5% of the value of contracts included in the batch of 239 contracts which were examined.

The sum was calculated on the basis of the results of the work of the Managing Authority, the Certifying Authority and the EC.

The financial corrections are to be paid in 2014 and the following years.

The EC froze payments to Bulgaria under operational program “Environment” in November 2013 due to public procurement irregularities in the period 2010-2013.

Apart from losses of EU funding under operational program “Environment”, Bulgaria also faces EU funds losses under operational program “Regional Development.”

In April 2014, the EC froze payments to Bulgaria under two axes of the program concerning development of tourism and civil infrastructure. The move was explained yet again with flawed public procurement procedures.

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Tags: Operational Program Regional Development, Operational Program Environment, operational program, EU funds freeze, EU funding, European Commission, financial corrections, caretaker government
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