PragueConnect.cz - Economy

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EU funds: CZK 60bn up to 250bn to stay unused

The Czech Republic could have used CZK 800bn from the EU funds between 2007 and 2013. However, they will surely not be fully utilised. Head of Supreme Audit Office (NKÚ) Miloslav Kala says that the state strives for the total loss not to exceed the previously written off CZK 60bn. He claims there might be CZK 120-140bn left in Brussels. Success of funds drawing may thus reach over 80 percent of the allocated amount.

Source: www.govdaily.cz/en/