ACCORDING to a European Commission proposal unveiled June 6, Slovakia will receive €5.67 million in European Union Solidarity Funds to help restore the Tatras following last year's devastating wind storm, the TASR news agency reported.
The EU executive body puts the damage from the November 19 hurricane-force winds at €195 million, plus €28 million in emergency operations, Slovakia's European Commissioner Ján Fígel told reporters.
Slovakia, which applied for the funds on January 24, is eligible for relief because the damage exceeded 0.6 percent of its gross domestic product.
The EC proposal is subject to approval by the European Council and European Parliament as well as member states. "That can take some time ... but it is a formality given that Slovakia meets the criteria," Fígel said.
The funds are earmarked to renovate tourist establishments and reforest devastated areas.
Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
7. Jun 2005 at 10:43