Minister: CR failed to draw on CZK 12 billion in EU subsidies last year

The Czech Republic failed to use some CZK 12 billion in available European Union subsidies in 2013, the minister of regional development, Karla Šlechtová, said on Tuesday. The figure is higher than an estimate made in the summer. Minister Šlechtová said her ministry expected the volume of EU funds not accessed this year to be up to CZK 30 billion, adding that a more accurate estimate would not be available until January.

Author: Ian Willoughby