Spectator on facebook

Spectator on facebook

Parliament acts to avert failure to draw EU funds

The Slovak parliament passed an amendment to the Act on Aid and Support Provided from EU Funds in fast-tracked procedure on February 29 that establishes a so-called project reservoir as of April, the TASR newswire reported.

The Slovak parliament passed an amendment to the Act on Aid and Support Provided from EU Funds in fast-tracked procedure on February 29 that establishes a so-called project reservoir as of April, the TASR newswire reported.

Slovakia is facing a realistic risk of failing to draw allocated financial resources from the European Union due to the approaching end of the 2007-2013 programming period and if this happens Slovakia could lose a significant amount of money, TASR wrote.

The provisions of the amendment are designed to significantly reduce the time required for having submitted projects passed by the appropriate government body as well as to decrease the administrative burden linked with the process of their preparation.

In addition the legislation expands the number of organisations authorised to implement large projects under the various Operational Programmes.

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.

Top stories

What does a big fat Slovak wedding look like?

Eating cock meat or noodles with human milk used to be a part of a Slovak wedding, but to most couples today, having a candy bar or professional photographer is more important than observing traditions.

Illustrative stock photo

The first Slovak satellite goes into orbit

After five years of construction, SkCUBE is ready to fly

Another salary negotiation at Volkswagen fails Photo

The strike continues, the representatives of the trade unions say it would be a mistake to give up.

Anti-extremist campaign: Together, there are more of us Photo

Activists launched a new anti-extremism campaign ahead of the autumn regional election in Banská Bystrica.

Together There Are More of Us campaign has been launched June 21, in front of the Banská Bystrica regional office.