Re: Slovakia's EU member-ship pays off, Business in Short, October 3-9, 2005
Slovakia may have netted some €168 million in the first year of membership, but there is a snag. In line with the accession agreement, Slovakia will have to decommission two nuclear reactors. Although the EU will subsidize part of the cost of the decomissioning, the bulk of the cost Slovakia has to pay.
This, let's call it "shortfall", could be something in the region of €500 million by 2009, when the decommissioning is supposed to have been completed. That is almost exactly three times €168 million.
And that is not all, for Slovakia must, after the decommissioning, find an alternative source of electricity to cover the loss of these significant generating facilities. That has a price tag attached too.
10. Oct 2005 at 0:00