Eurofund allocation framework approved

THE SLOVAK government approved a mechanism for distributing €11.2 billion in money from the European Union for the 2007 to 2013 budgeting period.

According to the National Strategic Reference Framework, Slovakia should draw the EU funds through nine operating programs (OPs). Up to 75 percent of the money will be handed out through four main OPs - Transport, Environment, Regions and the Knowledge-Based Economy.

Other OPs are Health Care, Education, Education Infrastructure, Employment and Social Inclusion, and Technical Assistance.

Talks with the European Commission on the document could start at the end of May, according to Regional Development and Construction Minister László Gyurovszky, and could be wrapped up by the end of this year.

Compiled by Martina Jurinová from press reports
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