Slovakia may lose out on Sk1 billion from EU funds for schools

Slovakia risks losing the right to draw almost Sk1 billion (about €33 million) of EU funds earmarked for education projects.

Slovakia risks losing the right to draw almost Sk1 billion (about €33 million) of EU funds earmarked for education projects.

Education Ministry State Secretary Jozef Habánik informed the Parliamentary Committee for Education that they expect the drawing of Sk875 million (€29 million) will not be completed, the SITA wrote.

The money that Slovakia could draw from EU funds relates to the Human Resources operational programme for the 2004-2008 period. Habánik explained that the most frequently cited reasons for not drawing from available funds were ineligible spending and failure to submit satisfactory documentation. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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