PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

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/   

 
 
 
 

We Ensure your business gets seen - Use the power of video advertising! 

With a total of over 500,000-page visits per month and over 160,000 followers on social media channels, Amadeus Media Group is the leading international media service in Prague, Czech Republic. If you are interested to take the next step with your company and you are ready for new clients, visit www.amadeusmedia.cz or download amadeusmedia.cz/MediaKit

Exchange rates