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| Czech prime minister ready to put up a fight for cohesion funds in Brussels |
| Brusels, 20.02.2020 |
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| Czech Prime Minister Andrej Babiš left for a key EU summit in Brussels, which is to shape the alliances’ finances in the coming years, in a fighting spirit. The Czech Republic, a member of the Friends of Cohesion group, faces a 24 percent cut in funds and will vehemently oppose the EU proposal to channel the bulk of a much smaller EU budget into new priorities, such as climate and innovation.
We are getting richer so we will get less money, that I understand, but cohesion funds are crucial for us at the present time. We still haven’t finished building our highway network, there are many things we need to push ahead with. So we need money for investment and we need to be able to decide how the money is going to be used.”
Since its admission to the EU the Czech Republic has received roughly 765 billion crowns more than it contributed. EU funds make up 40 percent of the country’s investments, channeled into infrastructure projects and regional development. Due to the country’s healthy economy, the EU is now proposing a 24 percent cut in funds for the Czech Republic. Moreover the money should be used for different priorities –with the accent shifting to climate and innovation.
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