Small update

So I’m in Bulgaria at the moment.  This won’t be a long post, I’m just writing to let anyone who visits this blog know that’s what I’ve been up to.  I’ll be back mid-August, and then I go to Princeton at the beginning of September.

European Union

European Union

Right now there are political shock waves going through the country.  The European Union is poised to release a very critical report about the country.  The report is expected to freeze up to 640 million euros of aid to the country this year, bringing the total of frozen aid to 1 billion euro.  The bad part is that many small businesses have already taken out loans to cover their expenses for their projects (the aid was supposed to reimburse them).  On top of that, the President of the country is being accused of collusion with underworld figures by the European Union anti-mafia group (OLAF), mainly having received illegal funding for his electoral campaign.

But I’m still getting the feeling that the country is moving in the right direction.  Hopefully with external pressure from the EU, the government and judiciary will manage to clean itself up.  Hopefully.

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About renovatio

I'm a recent college graduate looking forward to realizing my dreams. Hopefully, some of you will share in my successes by reading my blogs!
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4 Responses to Small update

  1. psuboy says:

    Very interesting…I had no idea this had gotten so severe with the judiciary problem. Please keep posting and telling us about your experiences…It is fascinating to hear.

  2. Jojo says:

    Is the aid fund distribution agency(ies) overseen by the Bulgaria government? Or is it independent of the National government?

  3. ivy says:

    sounds very informative and intelligent there christian. 🙂 keep posting!

  4. renovatio says:

    The aid is distributed through various existing ministries. The ministry of finance, and the ministry of transportation were the ones that were found guilty of misusing European funds. So yes, these ministries are definitely part of (and overseen by) the Bulgarian government.

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