EU Suspends $1.1 Billion in Romania Funding Over Corruption Complaints

20:54, May 8, 2015

The European Union has suspended €1 billion (US$ 1.13 million) in funding to Romanian projects, according to an announcement made by Prime Minister Victor Ponta on Thursday.

Ponta said the suspension was due to complaints about corruption in public works projects, according to theAssociated Press.

When a complaint is made about a project, an investigation is launched, and funding cannot longer be drawn from the EU until the case is completed.

Ponta said that if by Dec. 31 officials had not resolved probes into the affected projects, which relate to water supply and public transportation, funding would need to be sourced within the state budget instead.  Read more... (243 words)

Armenian News