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Czech Republic: EU-Subsidies to be Cut Massively
Politics ♦
Published: September 15, 2012; 21:20 ♦ (Vindobona)
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Due to EU-aid manipulation, the Czech Republic will lose at least € 1.0bn.
Czech Republic: EU-Subsidies to be Cut Massively / Picture: © Vindobona.org
After a number of cases of mismanagement of EU-aid became public, the subsidies will be cut drastically by the Commission of the EU. The financial aid for development projects will be reduced by € 1.0bn at least. Further cuts are not unlikely.
The most affected programs are transport and environmental projects. Until now, the Czech Ministries did not tell the expected fine.…
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