Czechs bottom of the EU in pumping funds
The Czech Republic presently has the worst record in drawing of EU funds of the entire 27-member block, the Czech Minister for Regional Development Věra Jourová told journalists following Monday’s cabinet meeting. Ms. Jourová said that in the period between 2007 and 2013 the Czech Republic had placed bottom of the EU list due to a lack of know-how in securing grants and a reputation of abusing funds. Last year alone the country failed to draw the equivalent of 10 billion crowns of potentially available money, out of an overall 16 billion left untapped. The minister said that this year the Czech Republic could fail to draw as much as 24 billion crowns, with the biggest problems at the environment and education ministries.