The EU plans to allocate at least 9.2 billion Sk ($306.7 million) to Slovakia in the next five years, mainly through the PHARE program. The EU's share of reform programs with foreign capital in Slovakia is 71 percent. As of December 1994, EU funds to Slovakia totalled 6.9 billion Sk ($230 million). Of that sum, 1.7 billion Sk ($56.7 million) was aimed at private sector development, 1.2 billion Sk ($40 million) for infrastructure improvements and 156 million Sk ($5.2 million) for financial institutions.
8. Nov 1995 at 0:00 | From press reports of TASR and SITA