New trends in multi-faced corruption - a continuing obstacle for fair business in Bulgaria: our response

• Main Author: Dobrinka Chankova
• Format: Article
• Language: English
• Published: Bucharest University of Economic Studies 2019-12-01
• Series: Juridical Tribune
• Subjects: corruption; business environment; anticorruption legislation and mechanisms; european dimension
• Online Access: http://tribunajuridica.eu/arhiva/An9v3/5.%20Dobrinka%20Chankova.pdf

The focus of this paper is the corruption in economic and business relations in Bulgaria and the registered new trends. This type of corruption impedes economic development, causing distortions and inefficiencies, hence the necessity of an adequate response. The current meta-analysis of the available literature and the researched practice in a chronological and structured way is trying to explore the latest developments of the theory, legislation, institutional decisions and social attitude towards corruption and to present new approaches and ideas for a solution to the problem. Special attention is paid to the relatively new phenomenon "private-to-private" corruption, the new Bulgarian Act on Counteracting Corruption and on Seizure of Illegally Acquired Property 2018 and the best practices for fighting corruption and investigating fraud with EU funds. Some extra proposals for improvement of business climate are offered with a recommendation for probation. If all that is successful, it could be extrapolated in other fields, countries, etc