Czech Republic could miss out on 85 billion in EU funds

The Czech Republic still needs to draw 200 billion crowns from EU funds out of a total 700 billion which were available for the years 2007 to 2014, Regional Development Minister Karla Šlechtová told journalists on Wednesday. The ministry expects that tens of billions of crowns will not be successfully drawn; in its crisis scenario, the ministry admitted the Czech Republic could lose up to 85 billion. The Czech Republic failed to draw 12 billion in 2013 already and another nine billion last year.