Czech Republic may fail to draw 10 billion crowns from EU funds

The Czech Republic may fail to draw approximately the equivalent of 10 billion crowns from EU structural funds allotted to the country in 2015, according to the minister for regional development, Karla Šlechtová. Minister Šlechtová said this was a positive result in view of the fact that the original estimate of the money which would most likely be lost to the country was 36 billion crowns. Ms Šlechtová said it was the higher estimate which led President Milos Zeman to criticize the Sobotka government for allegedly failing to deliver on its promise to improve the drawing of EU funds. She said that according to her own personal estimate the money lost might even drop to 8 billion.