Slovakia and EU sign financial memorandum for 2003

The EU will provide Slovakia with Sk2.3 billion (€55.54 million) in pre-entry assistance that the country can draw from now until the end of 2006. The funds will flow through the PHARE 2003national program, news wire SITA reported.

The head of the European Commission's delegation to Slovakia, Erik van der Linden and Deputy PM Pál Csáky signed the financial memorandum for Slovakia's 2003 national program for drawing from the PHARE fund of the European Union (EU).

On the basis of the memorandum, 33 projects will get PHARE funding.

Linden said that considerable volume of the funds would be invested in institution building.

Compiled by Beata 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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