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Clock is ticking on drawing

SLOVAKIA must act by the end of 2008 if it wishes to draw over Ř425 million remaining in EU funds that was allocated for the 2004-2006 programming period. By the end of 2007, only Ř744.1 million had been used from the total allocation of Ř1.169 billion (63.65 percent).

Slovakia must hurry to use up EU funds from the 2004-2006 period.Slovakia must hurry to use up EU funds from the 2004-2006 period. (Source: Jana Liptáková)

SLOVAKIA must act by the end of 2008 if it wishes to draw over Ř425 million remaining in EU funds that was allocated for the 2004-2006 programming period. By the end of 2007, only Ř744.1 million had been used from the total allocation of Ř1.169 billion (63.65 percent).

This information comes from a report on the implementation and drawing of pre-accession instruments, structural funds, the Cohesion Fund and other financial instruments as of December 31, 2007. The Slovak cabinet agreed that ministers responsible for drawing EU funds in the shortened 2004-2006 programming period have to adopt measures within a month to complete the drawing.

Efficient completion of drawing EU funds plays an important role for the accomplishment of the 2004-2006 programming period. Constant and regular monitoring and adoption of suitable measures by supervisory and mediation bodies and other subjects involved in the management and implementation of EU structural funds are necessary, reads the report submitted to the cabinet session by Deputy Prime Minister Dušan Čaplovič and the Ministers of Finance and Construction, Ján Počiatek and Marian Janušek, respectively.

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