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Slovakia slow in drawing EU funds

SLOVAKIA still faces shortcomings in drawing money from EU funds, the government admitted in a recent report.

The respective commissions in individual government ministries already approved the drawing of funds for projects worth Sk35 billion, which is around 57 percent of the money that can be drawn until 2008. However, the actual drawing rate, which represents money already invested into specific and completed projects, is just 11 percent, Pravda daily wrote.

Construction Minister László Gyurrovsky, who is responsible for the funds, defended Slovakia’s drawing of EU funds and said the country is making progress.

In an evaluation by the European Commission, he pointed out, Slovakia is ranked fourth of the 10 new EU members.

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