Report: Bulgaria Not Preventing Foreign Bribery

Bulgaria is among 22 countries that have little or no enforcement to deter international companies from bribing their civil servants, according to a new report by the anti-corruption organisation Transparency International.

The report, Exporting Corruption, says that Bulgaria at the bottom of the league in terms of investigating, prosecuting and trying people for corruption, alongside larger exporters like South Korea, Turkey, Japan, Russia and several EU states.

States scoring well in the ranking include the US, Germany, Britain, Italy, Switzerland and Israel.

The report includes states that are signatories to the Organization of Economic Cooperation and Development’s 1997 Anti-Bribery Convention, which was adopted to address the supply side of international corruption.

“Governments have promised to implement and enforce laws against bribing foreign officials under the OECD and UN conventions. Yet many are not even investigating major cases of grand corruption, which involve state owned enterprises and senior politicians,” said Transparency International chairperson Delia Ferreira Rubio in a press release.

Apart from the 36 OECD members, eight other countries – including Bulgaria – are parties to the treaty.

Countries are scored based on enforcement performance at different stages – the number of investigations launched, charges filed and cases concluded with sanctions.

“We evaluate the judicial framework, the cooperation on difficult cases on the international institutional level and the ability of individuals to remain protected when filing a complaint,” Ecaterina Camenscic of Transparency International-Bulgaria told BIRN.

She said that despite Bulgaria’s good judicial framework, enforcement has not been put to the test yet.

“We are a small country with limited exports. It is a matter of fact that there are no cases involving Bulgaria, but there might not have been a reason for them,” Camenscic said.

However the report underlines some of the shortcomings of the Bulgarian judiciary in dealing with international cases.

Read More

Telenor Sees Rise In Revenues In First Half

The Bulgarian unit of Norwegian telecommunications group Telenor said on Tuesday, its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 130 million...

Bulgaria’s Government Debt Is 8.3 Percent Of GDP Reports BNB

The Bulgarian National Bank reports that the gross external debt of the State Governance sector at the end of February 2020 amounted...

Boyko Borissov: GDP To Exceed BGN 120 Billion

"4-5 years ago, the GDP was 50 billion, and this year we will pass BGN 120 billion. It is good when there are such...


The State of Emergency Lowered Prices in March

The consumer price index in March 2020 compared to February 2020 was 99.4%, i.e. the monthly inflation was -0.6%. The inflation rate since the beginning of...

Car Sales In China Plummet Due To Coronavirus

Passenger car sales in China plummeted 92% YoY in the first 16 days of February, as the coronavirus epidemic caused most business across the country to...

Bulgaria’s Biggest Property Company Looking To Sell

Arco Vara AS will sell 100% of its subsidiaries Arco Vara Kinnisvarabüroo AS (Estonia) and Arco Real EOOD (Bulgaria) to the management teams in...