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Bulgaria

Beneficial Ownership Disclosure in Public Contracts (BG0070)

Overview

At-a-Glance

Action Plan: Bulgaria National Action Plan 2016-2018

Action Plan Cycle: 2016

Status: Inactive

Institutions

Lead Institution: Administration of the Council of Ministers

Support Institution(s): NA

Policy Areas

Anti-Corruption, Anti-Corruption Institutions, Beneficial Ownership, Legislation & Regulation, Private Sector, Public Procurement

IRM Review

IRM Report: Bulgaria End-of-Term Report 2016-2018, Bulgaria Mid-Term Report 2016-2018

Starred: No

Early Results: Did Not Change

Design i

Verifiable: Yes

Relevant to OGP Values: Access to Information

Potential Impact:

Implementation i

Completion:

Description

Status quo/Problem addressed: The issue of government contracts, especially those for large infrastructure projects, has been quite a sensitive and has triggered off suspicions with regards to the ownership of applicant companies and undue influence. The existing information gaps in terms of company ownership for the companies applying for or executing government contracts undermines the trust in the public procurement process and raises doubts of covert pressure and corruption. Main objective: To improve the internal control in expending public funds and reduce corruption in the public procurement process. To ensure transparency of company ownership for the companies operating with public funds. Ambition: Improving the business environment, reducing the opportunities for companies whose capital is not public to have competitive advantage as compared to applicants with clear ownership. Deliverables and impact: Limiting the chances of shell companies winning government contracts; putting in place a mechanism for combating corruption and preventing the use of public funds for criminal activities such as money laundering, human, drugs and arms trafficking, etc.; improved control over the beneficial owners of companies; enable banks and other financial institutions and businesses to easily check their business partners.

IRM End of Term Status Summary

5.1.5 Beneficial ownership disclosure in public contracts
For specifics on this commitment, please see the full report in Bulgarian or English.

Commitments

Open Government Partnership