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Bulgaria: against all odds – The Conflict of Interest Prevention and Disclosure Act meets real estate

Overview

Being almost unprecedented, this sanction was rumoured to have been the main cause of the dramatic loss of the parliamentary elections in July 2009 by the governing
party. The European Commission has made it clear that Bulgaria may yet lose even more EU funds in 2009 unless corruption is tackled. With hundreds of millions
of Euros in EU funds at stake for 2009 and a new government in office, Bulgaria is starting to improve its image, including through active measures under the recently adopted Conflict of Interest Prevention and Disclosure Act (CIPDA).