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Slovakia used 92 percent of EU funds

IN THE PROGRAMMING period 2004–2006 Slovakia used almost 92 percent of the EU financial resources that were made available to the country.

IN THE PROGRAMMING period 2004–2006 Slovakia used almost 92 percent of the EU financial resources that were made available to the country.

The funds that came to support projects in Slovakia amounted to €1.075 billion out of the total available EU funds of €1.169 billion through the end of 2008.

The European Commission has issued a decision that drawing down of EU funds under the 2004-2006 programming period must be completed by the end of June 2009, the SITA newswire reported.

For the current 2007–2013 programme period, €11.361 billion in European structural funds are allocated to Slovakia.

At the end of January 2009, a total of 48 applications for nearly €28 million from structural funds and €11 billion from the Cohesion Fund had been approved.

These figures have not changed since last December, the Ministry of Finance reported.

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