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Cabinet admits failure to draw EU money

The cabinet has, for the first time, officially admitted that projects that Slovakia has submitted to the European Union will not get funding. The projects fail to meet the minimum EU standards and so PHARE money will remain in the EU purse.

The daily SME includes the example of a industrial park project in the eastern Slovak town of Roznava, worth €2.4 million, that the cabinet had to cancel due to an unsettled land ownership dispute and problems with co-financing at a local level.

The country has secured the drawing of only 14.6 percent of €48 million that the EU had assigned for Slovakia in 2001.

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

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