Audit

Temenuzhka Petkova will be Bulgaria's Minister of Energy in the GERB-RB minority cabinet after Delyan Dobrev refused to take the portfolio.

Ilian Zafirov, one of the suspended directors of the troubled Corporate Commercial Bank (KTB), accused Central Bank governor Ivan Iskrov of lying.

In an interview for the Nova TV Sunday breakfast show Zafirov, who, along with three other KTB directors, is charged with mismanagement, said Iskrov mispresented the proposal of the Oman State Fund, EPIC and Gemcorp to save the bank.

BELGRADE - The National Audit Office (DRI) has initiated the second audit of performance relating to the management of property owned by the Republic of Serbia.

Radoslav Sretenovic, chairman of the DRI, said that so far the audit has shown that the government does not have uniform records on property.

BELGRADE - A special team of at least six auditors will be tasked with controling how the parliamentary parties in Serbia are spending the money they receive from the state coffers, Belgrade-based daily Novosti reports in its Tuesday issue.

All ministries will be subject to audits in the period August 15-25 as part of a set of priority economic measures of Bulgaria's caretaker government.

According to a media statement of the Finance Ministry, the summary report containing the results of all inspections is to be ready by the end of August.

BELGRADE - The State Audit Institution (DRI) intends to increase the number of entities subject to audit and to broaden its scope, which will require more manpower, DRI Head Radoslav Sretenovic said on Thursday.

Boyan Boev, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has informed about an upcoming revision of the license terms of power distributors.

Illegal cross-subsidies are being practiced between heating and electricity bills in Bulgaria, the National Audit Office has stated in its latest report.

The main auditing body has also found out "no adequate control" is being applied in the electricity and natural gas sectors, according to the website Investor.bg.

Lack of priorities in distributing EU funds between 2014 and 2020 may be one of the reasons why Bulgaria is lagging behind the rest of Europe, a report by Bulgaria's National Audit Office says.

In its report, the Audit Office set out to find out whether the country was ready to manage European funding for 2014-2020.