Elections could impact the flow of EU structural funds

According to the President of the Czech Association for Industry and Trade, Jaroslav Mil, the unclear outcome of the elections could have an impact on the flow of money from European Union Structural Funds. While the orientation of the new Czech government will not affect the flow of EU funds, the government will have to approve operational programs for structural funds projects in time to present them to the European Commission in September. The EU is due to release 100 billion crowns per year in structural funds to the Czech Republic in its next fiscal term which runs between 2007 and 2013.