Czech Republic behind in drawing EU funds

Information released by the European Commission on Thursday has shown the Czech Republic lagging behind in drawing money from European Union funds. According to European Commissioner for Regional Policy, Danuta Huebner, the country has used roughly 20 percent since joining the union in 2004, from resources available until the end of 2006. The EU allocated the Czech Republic 2.6 billion euros, the equivalent of 3 billion US dollars, for 2004 - 2006. Last year, the country drew only around 258 million US dollars' worth. Only one country - neighbouring Slovakia - drew less.

Commissioner Huebner has pointed out that most newcomers to the EU fall behind in drawing subsidies, but stressed the situation has gradually been improving.