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Funds of Nominees for President Strictly Monitored

Date: 19.09.2006

"The Transparency without Frontiers association will strictly monitor the funding of the pre-election campaigns for president and vice-president of Bulgaria," organization's CEO Diana Kovacheva announced.

The campaign will comprise publications in the media, posters and billboards as well as sociological polls. The association has assertive letters that it will regularly receive the bank accounts' statements of the funds, financing the candidates' election campaigns. Transparency without Frontiers has called upon the nominees for president and vice-president to join the monitoring by promising to sign a donation contract and a Declaration for Honesty with all their donors.

Katya Hristova, association's program director, reminded that the legal sum for the campaign must not exceed two million levs for each of the vying couples. The donations from a physical person can not be higher than 10 000 levs and these from legal personalities can't be higher than 30 000 levs. Ventures with more that 50% of state-owned shares, foreign firms and foundations haven't the right to finance a presidential campaign.

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