Foreign minister: Czech Republic to get 30 pct less money from EU’s cohesion fund

The Czech Republic could receive some 30 percent less money from EU’s cohesion funds in the period of 2014-2020 as a consequence of the bloc’s tighter budget, Czech Foreign Minister Karel Schwarzenberg said. Between 2007 and 2013, some 26.7 billion euros was earmarked in the funds for the Czech Republic. The cuts are likely to affect all EU member states, according to Mr Schwarzenberg.

Author: Jan Richter