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

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.