New trends in multi-faced corruption - a continuing obstacle
for fair business in Bulgaria: our response
Professor Dobrinka CHANKOVA1
The focus of this paper is the corr uption in economic and business relations in
Bulgaria and the r egistered new trends. This type o f cor ruption impedes economic
development, ca using distortions and inefficiencies, hence the necessity of an adequate
response. The cur rent meta-ana lysis of the ava ilable literatur e and the r esearched pra ctice
in a chronologica l and structured way is tr ying to explore the latest developments of the
theory, legislation, institutional decisions and social attitude toward s corr uption and to
present new appr oaches and ideas for a solution to the problem. Special attention is pa id to
the r elatively new phenomenon "private-to-private" corruption, the new Bulgaria n Act on
Counteractin g Corruption a nd on Seizure of Illegally Acquired Pro perty 2018 and the b est
practices for fighting cor ruption an d investigating fraud with EU funds. Some extra
proposa ls for improvement of business climate a re offered with a recommendation for
proba tion. If all that is successful, it could be extra polated in other fields, countries, etc.
Keywords: cor ruption, business environment, anticor ruption legislation a nd
mechanisms, European dimension.
JEL classification: K14
Lately, corruption has become a global threat to the economic development
of many countries but also for the world economy and politics in general. The
different forms of abuse of power for personal or collective profit to the detriment
of the public interest are particularly relevant to countries in transition, so called
"new democracies", but also for those countries trying to develop market economy
and to establish healthy business climate. As a complex phenomenon, corruption is
a denial of the honest competition in the economic sphere, it demotivates
entrepreneurship, stimulates the shadow economy and economic crime, worsen
public services and exacerbates the social burden on citizens. In this way,
corruption contributes to widen the gap between the poor and the rich and become
a direct threat to the democratic foundations of society. That is why this subject
enjoys privileged attention from international organizations, national politicians,
civil society, research community etc.
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 and social attitude towards corruption and
to present new approaches and ideas for a solution to the problem.
1 Dobrinka Chankova - Faculty of Law and History, South-West University "Neofit Rilski"-
Blagoevgrad, Bulgaria, email@example.com.