Slovakia has drawn 10.7% of available EU funds halfway through current funding period

Slovakia has drawn 10.7 percent of the EU funds that are available in the 2007-2013 programming period as of the end of October, which represents €1.23 billion out of the €11.498 billion available from the EU – and the figure includes money allocated from Slovakia’s budget, the TASR newswire wrote. This information was provided to TASR on November 8 by the Finance Ministry, which is the central recipient body in Slovakia for EU funds. There are 11 Operational Programmes which are managed by ministries as well as by the Government Office.

Slovakia has drawn 10.7 percent of the EU funds that are available in the 2007-2013 programming period as of the end of October, which represents €1.23 billion out of the €11.498 billion available from the EU – and the figure includes money allocated from Slovakia’s budget, the TASR newswire wrote.

This information was provided to TASR on November 8 by the Finance Ministry, which is the central recipient body in Slovakia for EU funds. There are 11 Operational Programmes which are managed by ministries as well as by the Government Office.

The Ministry of Transport, Construction and Regional Development was given power to coordinate these programs on November 1. According to a decision made by the European Commission, the n+3 rule is applied, which means that the approved funds may be additionally drawn for three years after the end of the seven-year period. As much as €11.36 billion was originally appropriated, but this amount was later increased to €11.498 billion.

Source: TASR

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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