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Slovakia's EU membership pays off

ACCORDING to the 2004 EU budget report, Slovakia received €387.8 million from the EU budget and paid in €219.6 million. The country's therefore achieved a net plus of €168.2 million, the TASR news agency reported.

Slovakia received most of its funding (€118.3 million) as part of its pre-accession projects. Projects within the structural funds and the Cohesion Fund took €116.1 million; and agriculture and rural development totalled €41.1 million.

Slovakia, along with other new EU members, also received compensation for its EU membership fee worth €70 million from the EU budget.

Of the ten new EU members, Poland netted the highest amount of funding from the EU in 2004, a total €1.4 billion. The report shows that all 10 new members received more financial resources from the EU budget than they contributed.

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