Bulgaria can pay off only funds on “clear projects” under PHARE program

The European Commission has unfrozen part of the suspended funds under the PHARE program for Bulgaria-EUR 3.5 mln. This is what was notes in a letter of the EU Enlargement Directorate to the Deputy Prime Minister and financial minister Simeon Dyankov received on Tuesday night.

Bulgaria has been provided the opportunity to pay off the amount under the so called “clean projects” (on which no violations have been made) from its own budget .

This concerns only the contracts, signed in July 2008, when the financing has been frozen and two of the agencies under PHARE program-with the ministry of finance and regional development, have lost their accreditation. Now, they got the opportunity to pay off the money under the projects, which respond to these conditions, experts from the EC explained, without engaging what their total amount could be.

This money can be adopted until the end of the year at the latest and next year after checking up the made payments, the EC will restore funds spent under the rules.

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