The European Anti-Fraud Office OLAF has recommended the recovery of over EUR 38 million and the prevention of the further spending of EUR 92 million provided to Bulgaria for the modernization of the railway line between Kostenets and Septemvri.
OLAF’s investigation focused on the financial damage caused by the alleged irregularities, notably during the procurement procedure and project implementation. According to OLAF’s investigation, two of the successful tenderers either lacked the technical capacities to implement the project or had misrepresented their financial capacities. The European Public Prosecutor’s Office’s (EPPO) investigation is ongoing and focuses on possible criminal offences – such as misuse of EU funds and money laundering – and includes a second railway project that the EPPO estimates at an additional EUR 111 million – the railway line Orizovo-Mihailovo.
The third vote of no confidence against the cabinet of Rosen Zhelyazkov has also proved unsuccessful. 130 of the MPs present from GERB - SDS, BSP - United Left, ITN and "DPS - New Beginning" voted against the proposal. 54 MPs from..
Foreign Minister Georg Georgiev has met with ambassadors and diplomats from EU Member States, the US, Canada, the UK and Switzerland in Bulgaria. The diplomats were briefed in detail on the increasing trends of institutional..
A concession will be granted for the Port of Varna, which is an opportunity for investments worth hundreds of millions, Deputy Prime Minister Grozdan Karadzhov told the Parliamentary Committee on Transport and Communications, as quoted by..
A new lane for heavy trucks over 12 tons will be opened at the Danube Bridge in Ruse, announced Ruse Regional Governor Dragomir Draganov. The initiative..
On July 7, the Bulgarian National Bank (BNB) puts into circulation a silver commemorative coin titled "175 Years Since the Birth of Ivan Vazov", BNB..
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important..
Partly Cloudy
Clear
Partly cloudy, chance of rain