ADVERTISEMENT

Czech net benefits from EU increase in 2019

EU

Photo by Evgeniya Uvarova/Shutterstock.com

The Czech Republic received CZK 68.5 billion (some EUR 2.71 bln) more from the European Union than it sent to the union’s budget last year, according to the Czech Ministry of Finance, some CZK 24 bln more in comparison to 2018, Czech Radio reports.

Photo by Evgeniya Uvarova/Shutterstock.com

The ministry says the rise is due to the increase in drawing money from EU funds. The positive difference between receiving EU funding and contributing to the EU budget places the Czech Republic among the list of so-called net recipient states.

These include all three of the other Central European Visegrad 4 states (Poland, Slovakia, and Hungary). Meanwhile, Germany and France rank at the top of EU contributor states, Czech Radio says.

Hungary Fuel Prices Fall Below Avg in Neighboring Countries Figures

Hungary Fuel Prices Fall Below Avg in Neighboring Countries

Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s Government

Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.