BUSINESS BRIEFS

Sk4.8 billion drawn from EU Structural Funds in 2005

THE VOLUME of approved applications for EU Structural Funds support stood at Sk6.6 billion in 2005.

The drawing of structural funds assistance reached Sk4.8 billion while the drawing of state budget funds reached Sk1.8 billion. As much as Sk2.1 billion of the approved funds were used for human resources programmes while an equal amount of Sk2.1 billion went for agriculture and rural development programs, reads a structural fund report released by the Construction Ministry.

In the period from the beginning of 2004 to the end of 2005 Slovakia drew funds of Sk6.8 billion from structural funds and the state budget for co-financing projects. Of this total, EU Structural Funds accounted for 73 percent of the total.

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