DW-World.de
Deutsche Welle

The European Commission is set to issue a scathing indictment of high-level corruption and failures in the handling of European Union funds in Bulgaria. That's according to a draft report on the management of EU funds in the member state, which joined the bloc in January 2007. As a result, Brussels has barred four Bulgarian agencies from handling EU funds, freezing nearly € 1 billion in pre-accession aid and threatening future payments. The report is due to be adopted by the EU executive next week.