Barroso and Fico discuss efficient use of EU funding

The issue of structural funds and funding towards rural development were pinpointed as the chief challenges for Slovakia in terms of the drawing of EU funding within the current programming period ending this year, the TASR newswire learnt on Monday, April 8. Speaking after meeting Slovak Premier Robert Fico in Brussels, European Commission President Jose Manuel Barroso said that the EU Commission is committed to minimising the risk of Slovakia's not being able to fully draw the allocated funding. We want to avoid financial losses [for Slovakia] by the end of this year, said Barroso at a joint press conference with Fico. He added that experts from the Commission and Slovakia will go on to analyse the possibilities of the most efficient use of the funding while boosting Slovakia's 'absorption capacity' in EU funding. Meanwhile, Fico stressed the need to re-allocate funding to projects involving the creation of jobs for youth. "Slovakia has had some success in the re-allocation of funding," said Fico as quoted by TASR. Barroso also praised the Slovak Government for its measures aimed at reducing youth unemployment.

The issue of structural funds and funding towards rural development were pinpointed as the chief challenges for Slovakia in terms of the drawing of EU funding within the current programming period ending this year, the TASR newswire learnt on Monday, April 8.

Speaking after meeting Slovak Premier Robert Fico in Brussels, European Commission President Jose Manuel Barroso said that the EU Commission is committed to minimising the risk of Slovakia's not being able to fully draw the allocated funding. We want to avoid financial losses [for Slovakia] by the end of this year, said Barroso at a joint press conference with Fico. He added that experts from the Commission and Slovakia will go on to analyse the possibilities of the most efficient use of the funding while boosting Slovakia's 'absorption capacity' in EU funding. Meanwhile, Fico stressed the need to re-allocate funding to projects involving the creation of jobs for youth. "Slovakia has had some success in the re-allocation of funding," said Fico as quoted by TASR. Barroso also praised the Slovak Government for its measures aimed at reducing youth unemployment.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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