European Commission may not reimburse Slovak eurofund projects

Slovakia is negotiating with the European Commission about repayment of projects financed from the so-called eurofunds as Brussels threatens not to pay, thus transferring the full cost of projects to Slovak taxpayers.

Slovakia is negotiating with the European Commission about repayment of projects financed from the so-called eurofunds as Brussels threatens not to pay, thus transferring the full cost of projects to Slovak taxpayers.

Deputy Prime Minister for Investments Ľubomír Vážny told the Sme daily that he hoped EC would chip in between €30 million and €100 million. However, the unofficial estimates are much higher. The final sum should be negotiated in September, while already now the “corrections” in drawing funds from the EU treasury are being discussed. Corrections mean that the money already funded by Brussels through various “operational programmes” must be returned.

The main holdup remains flawed tenders – for example deadlines which are in line with Slovak law but not with the EC rules. The EC has not officially commented on the sum to be paid by Slovakia, Sme wrote in its August 22 issue.

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