IN SHORT BUSINESS

Slovakia may get Sk24.5 billion from EU

SLOVAKIA will pay roughly Sk15.5 billion (€388 million) to the EU budget and may get almost Sk40 billion (€1 billion) if EU funds are fully used, resulting in a surplus of Sk24.5 billion (€600 million).

Vladimír Tvaroška, state secretary of Slovakia's Finance Ministry, told the news agency TASR the figures after EU finance ministers met to discuss the 2005 EU budget in Brussels on July 16.

In its first reading, the EU Council of Ministers approved the first budget proposal, cutting expenditures by €4.35 billion to €105.22 billion (0.99 percent of the union's GDP) from €109.57 billion (1.03 percent of theopean Commission (EC).

"If the implementation of our projects proceeds as expected, Slovakia may get almost Sk40 billion from the EU budget," Tvaroška said. The EC agreed to the reduction of spending on agriculture but not on structural and external projects or administration.

Get daily Slovak news directly to your inbox

Top stories

Johnson Controls has announced mass layoffs.

Not just labour costs. What is behind mass layoffs in Johnson Controls and other BSCs

Labour market watchers say the shared services sector in Slovakia is able to absorb ousted employees.

22 h
Illustrative stock photo

Some slots for vaccination remain empty, hospitals unable to fill them

It is possible to register as a stand-in, but every vaccination centre sets its own rules.

27. jan

News digest: Foreigners’ Police departments remain closed

Slovenia has ordered PCR tests developed by Slovak scientists. Holocaust survivors received the coronavirus vaccine jab.

22 h

Slovakia has more and more vaccines available. State lacks courage

Slovakia is taking a cautious approach to make sure it will be able to deliver second doses when needed.

27. jan