Reuters way ahead as EU condemns corruption in Bulgaria

Reuters made all the running on a report by the European Commission in which the EU’s executive criticized Bulgaria over high-level corruption and crime, and suspended aid worth hundreds of millions of euros. Reuters was way ahead on the official release of the findings on July 23 and had already signaled the news to clients a week earlier with an exclusive story based on well-placed sources even before Bulgaria’s government had been informed. Analysts said the report and the suspension of aid was a blow to investor confidence. Reuters also had a strong follow-up analysis on how Bulgaria’s government was unlikely to crack down soon on corruption and crime.