27. November 2006 at 00:00

Slovakia has drawn only 25 percent of EU funds

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AS OF November 20, Slovakia had drawn only a quarter of the €1.7 billion (Sk37.5 billion) in EU funds earmarked for the country for the 2004-2006 period.

However, contracts have been signed or work already started on projects that will eventually use 90 percent of the total funding. The money can be drawn until 2008.

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According to Ján Rudolf from the Construction Ministry, the drawing of EU money is being complicated by the clumsiness of the process and by corruption, the Pravda daily wrote.

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