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Czech Republic: EU-Subsidies to be Cut Massively

Published: September 15, 2012; 21:20 · (Vindobona)

Due to EU-aid manipulation, the Czech Republic will lose at least € 1.0bn.

Czech Republic: EU-Subsidies to be Cut Massively / Picture: © Flickr

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.…

This article includes a total of 110 words.

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