Outgoing regional development minister reports progress in drawing of EU subsidies

The Czech Ministry for Regional Development has reduced the deficit in drawing of EU subsidies in 2014 by 3 billion crowns. As a result, the Czech Republic will lose less than 20 billion crowns in 2014, outgoing Regional Development Minister Věra Jourová told journalists on Friday. Drawing of EU finds had been a serious problem and Ms Jourová vowed to improve on the country’s performance in this field when taking office. Even given the progress made the country is expected to lose out on the equivalent of some 60 billion crowns in the 2007-2014 period. Ms. Jourová is now resigning in connection with her nomination for EU commissioner.