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 Bulgaria, Romania Top EU Spending Frauds Ranking

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PostSubject: Bulgaria, Romania Top EU Spending Frauds Ranking   Bulgaria, Romania Top EU Spending Frauds Ranking Icon_minitimeFri May 07, 2010 4:19 pm

[size=85:k2podxcl]novinite 07 May 2010

Bulgaria, Romania Top EU Spending Frauds Ranking

rregularities in EU spending under pre-accession funds in Bulgaria and Romania has increased by 152% in 2008 over the previous year, according to a resolution adopted by MEPs on Thursday.

The resolution acknowledges the steps taken by Bulgaria and Romania to improve shared management and financial control standards.

Still it calls on the two newcomers, who joined the EU in 2007, to build up their administrative capacity to manage EU funding.

The document recommends the removal of existing or potential conflicts of interest in fund management, improvement in the supervision and transparency of public procurement procedures.

The two countries are also urged to swiftly introduce and notify to the Commission the necessary precautionary, corrective and/or disciplinary measures.

The resolution cites the pre-accession funds as an exception to an overall positive trend as irregularities in EU spending fell from EUR 1.024 M in 2007 to EUR 783.2 M in 2008.

Improvements are needed in the areas of VAT collection, the workings of the EU anti-fraud office OLAF and the process whereby governments report irregularities to the European Commission, the document says.

Although the estimated irregularities in fields like regional and agricultural expenditure were less in 2008 than in 2007, a large part of EU funds are still misspent.

MEPs have called on the Commission to take action to recover this money.

Regarding the EU's own budgetary resources, MEPs supported the Commission recast of the regulation on combating VAT fraud.

They stressed the need to make Member States more accountable in this area, starting with the quality of the information entered into the databases.
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PostSubject: Re: Bulgaria, Romania Top EU Spending Frauds Ranking   Bulgaria, Romania Top EU Spending Frauds Ranking Icon_minitimeSun May 09, 2010 1:33 am

I don't think this comes as a surprise its about time Bulgaria got it's act together and realised whats happening here
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