Czech Republic May Lose CZK105bn Of EU Subsidies

News: The Czech Republic may end up losing up to CZK105bn (USD4.2bn) worth of subsidies from EU funds in the 2007-2013 programming period owing to its poor ranking among other EU countries in accessing funds, stated the Supreme Audit Office (NKU) in the EU Report 2015 released on July 16. The report noted that the Czech Republic would need to draw around CZK215bn (USD8.7bn) in 2015, which accounts for 30% of the sum allotted for the country for the entire seven-year programming period. With...

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