Spectator on facebook

Spectator on facebook

Slovakia to lose a portion of EU Funds

Slovakia may lose a portion of the whole sum of EU funds allocated and approved for the 2004-6 period, but the lost sum won't be dramatic, Construction and Regional Development Minister Marián Janušek said on August 16.

The whole allocation represents more than €1.7 billion, while "the loss could be 0.3 percent in the best-case scenario and 1.2 percent in the worst, which means up to no more than Sk684 million," according to Janušek.

The shortfalls, the result of delays in drawing the funds, can be traced to the education, labour and regional development ministries, as of June 30, 2007.

Janušek acknowledges the results of the current evaluation report on EU funds drawing, saying that there are certain delays, especially concerning resources approved for Slovakia from the European Social Fund. He said the current delays are being gradually reduced, however. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo