Slovakia must absorb €5.477 billion from EU by end of 2015

IN THE 2007-2013 programming period, Slovakia still needs to absorb €5.477 billion from European Union funds until the end of 2015. This is 47.14 percent of the total allocation of €11.619 billion, the SITA newswire reported.

IN THE 2007-2013 programming period, Slovakia still needs to absorb €5.477 billion from European Union funds until the end of 2015. This is 47.14 percent of the total allocation of €11.619 billion, the SITA newswire reported.

Government co-financing of projects until the end of next year should total €927.45 million, or 47.46 percent of the €1.954 billion commitment. This stems from the results of absorption of EU funds in Slovakia in all fourteen operational programmes as at the end of March.

Until the end of this year, the Slovak Republic must use €290.53 million from EU funds in eight programs. In five of the eleven major programmes, it is still necessary to absorb €274.52 million from the commitment for 2011 until the end of this year. The share of spending of this commitment totalled 82.48 percent.

Source: SITA

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
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