News Topic - Bulgaria
Articles 1 - 10 of most recent articles
Bulgaria has 'failed to tackle serious corruption', EU says
Bulgaria's failure to tackle a "serious situation" of fraud and high-level government corruption linked to organised crime could block aid worth over £8 billion, the European Commission has warned.
Telegraph.co.uk – 3 hours, 31 minutes ago ¦ comment?
found in World
Bulgaria's failure to tackle a "serious situation" of fraud and high-level government corruption linked to organised crime could block aid worth over £8 billion, the European Commission has warned.
Telegraph.co.uk – 3 hours, 31 minutes ago ¦ comment?
found in World
Canadian bizman admits cocaine-boat plot
Rossen Ivanoff, 32, developed an entrepreneurial spirit after he left his native Bulgaria and became a Canadian citizen.With homes in Toronto and Miami, he was doing well, buying cars and shipping them to Europe for resale, among other business transactions.
philly.com – 6 hours, 55 minutes ago ¦ comment?
found in Local: Pennsylvania: Philadelphia
Rossen Ivanoff, 32, developed an entrepreneurial spirit after he left his native Bulgaria and became a Canadian citizen.With homes in Toronto and Miami, he was doing well, buying cars and shipping them to Europe for resale, among other business transactions.
philly.com – 6 hours, 55 minutes ago ¦ comment?
found in Local: Pennsylvania: Philadelphia
EU freezes aid to Bulgaria
BRUSSELS, July 23 (UPI) -- The European Union punished Bulgaria Wednesday, freezing $800 million in aid for failing to root out organized crime and corruption.
United Press International – 11 hours, 50 minutes ago ¦ comment?
found in Top Stories
BRUSSELS, July 23 (UPI) -- The European Union punished Bulgaria Wednesday, freezing $800 million in aid for failing to root out organized crime and corruption.
United Press International – 11 hours, 50 minutes ago ¦ comment?
found in Top Stories
World Focus: Lessons that a larger Europe must learn
There is a simple rule of political life, all life indeed. It is that you can ask anything of someone who wants to join your club so long as they're still trying to gain entry. Once they've joined you lose all leverage short of the nuclear option of immediate expulsion. The European Commission is not going to do that with Bulgaria or Romania. But they're going to be in real difficulties forcing any change of behaviour merely by withholding grants.
The Independent – 14 hours, 56 minutes ago ¦ comment?
found in World
There is a simple rule of political life, all life indeed. It is that you can ask anything of someone who wants to join your club so long as they're still trying to gain entry. Once they've joined you lose all leverage short of the nuclear option of immediate expulsion. The European Commission is not going to do that with Bulgaria or Romania. But they're going to be in real difficulties forcing any change of behaviour merely by withholding grants.
The Independent – 14 hours, 56 minutes ago ¦ comment?
found in World
EU suspends £400m in aid to Bulgaria over its failure to fight organised crime
The European Union has suspended hundreds of millions of euros in aid to Bulgaria for its failure to purge the country of crime and sleaze.
The Independent – 14 hours, 56 minutes ago ¦ comment?
found in World
The European Union has suspended hundreds of millions of euros in aid to Bulgaria for its failure to purge the country of crime and sleaze.
The Independent – 14 hours, 56 minutes ago ¦ comment?
found in World
EU Freezes Funds to Bulgaria
The EU suspended about $800 million in aid payments to Bulgaria, criticizing its efforts to crack down on corruption and organized crime.
Wall Street Journal – 16 hours, 31 minutes ago ¦ comment?
found in World
The EU suspended about $800 million in aid payments to Bulgaria, criticizing its efforts to crack down on corruption and organized crime.
Wall Street Journal – 16 hours, 31 minutes ago ¦ comment?
found in World
EU freezes funds for Bulgaria on corruption, organized crime
NEW YORK (MarketWatch) -- The European Commission suspended about 500 million euros in funding to Bulgaria on Wednesday, saying that the Balkan nation has failed to do enough to fight high-level corruption and organized crime. In reports released Wednesday, the Commission, which is the executive branch of the European Union, also criticized Romania's progress on implementing judicial reform and fighting corruption. Romania and Bulgaria joined the EU in January 2007. Bulgaria, like other member states, is eligible for significant financial support from the EU, but now the Commission has decided to suspend big amounts of aid until Bulgaria reforms its financial management and administrative capacity. "These reports are a reality check -- they show that both the Bulgarian and Romanian governments need to step up their efforts on judicial reform, corruption and in the case of Bulgaria organised crime," said José Manuel Barroso, president of the European Commission, in a statement. "The Commission has also sent a strong signal today that EU funds must be managed properly." In Bulgaria's capital Sofia, the SOFIX benchmark stock index tumbled 4.4% on Wednesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 18 hours, 5 minutes ago ¦ comment?
found in Business: Markets
NEW YORK (MarketWatch) -- The European Commission suspended about 500 million euros in funding to Bulgaria on Wednesday, saying that the Balkan nation has failed to do enough to fight high-level corruption and organized crime. In reports released Wednesday, the Commission, which is the executive branch of the European Union, also criticized Romania's progress on implementing judicial reform and fighting corruption. Romania and Bulgaria joined the EU in January 2007. Bulgaria, like other member states, is eligible for significant financial support from the EU, but now the Commission has decided to suspend big amounts of aid until Bulgaria reforms its financial management and administrative capacity. "These reports are a reality check -- they show that both the Bulgarian and Romanian governments need to step up their efforts on judicial reform, corruption and in the case of Bulgaria organised crime," said José Manuel Barroso, president of the European Commission, in a statement. "The Commission has also sent a strong signal today that EU funds must be managed properly." In Bulgaria's capital Sofia, the SOFIX benchmark stock index tumbled 4.4% on Wednesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – 18 hours, 5 minutes ago ¦ comment?
found in Business: Markets
Brussels Beats Up On BulgariaThe European Commission slams the EU newcomer for failing to crack down on corruption and organized crime - and cuts off funding worth hundreds of millions of dollars
Time.com – 19 hours, 6 minutes ago ¦ comment?
found in Top Stories
EU cuts back funding to Bulgaria
The European Commission on Wednesday froze hundreds of millions of euros in aid to Bulgaria, citing poor administration, corruption and organized crime, casting a cloud over the future expansion of the European Union.
International Herald Tribune – 19 hours, 56 minutes ago ¦ comment?
found in Top Stories
The European Commission on Wednesday froze hundreds of millions of euros in aid to Bulgaria, citing poor administration, corruption and organized crime, casting a cloud over the future expansion of the European Union.
International Herald Tribune – 19 hours, 56 minutes ago ¦ comment?
found in Top Stories
EU freezes aid to Bulgaria, citing corruption
AP - The European Commission froze almost euro500 million ($800 million) in aid to Bulgaria on Wednesday, citing corruption, organized crime, severe spending irregularities and alleged vote-buying in a country that only joined the EU last year.
Yahoo! – 20 hours, 28 minutes ago ¦ comment?
found in World: Europe
AP - The European Commission froze almost euro500 million ($800 million) in aid to Bulgaria on Wednesday, citing corruption, organized crime, severe spending irregularities and alleged vote-buying in a country that only joined the EU last year.
Yahoo! – 20 hours, 28 minutes ago ¦ comment?
found in World: Europe