Study reveals tragic under-use of EU investment funds

According to calculations of the Regional Development Ministry, institutions which participate in projects co-financed by the EU  this year will receive zł.11.4 billion, which is a mere 4.7% of the allocated sum. "Taking into account the state of our preparations I suspect that even these humble assumptions will not be fulfilled," said professor Janusz Zalewski, an author of a study related to the influence of European funds on the domestic economy. He added that only 3.8% of the sum will be spent this year. If in the coming years a significant improvement in the amount of funds used will not be seen, the European Commission could decide to revoke part of the sum. (Rzeczpospotlia, pp. A1, B5) A.K.