Czechia must speed up spending of some EU funds to avoid losing money

Czechia needs to accelerate the use of certain European subsidies this year to prevent losing part of its allocated EU funding. The main concern is the Just Transition Fund, aimed at supporting regions dependent on coal mining. If spending does not pick up, the country risks losing between one and four billion crowns. Other programmes at risk include Technology and Applications for Competitiveness and Fisheries. Despite these concerns, the government expects to meet the “n+3 rule,” requiring funds to be used within three years. The Ministry for Regional Development has proposed 21 measures to simplify administration and improve fund utilisation.