Poland will receive an extra EUR 633mn from EU's structural funds.

By bne IntelliNews April 20, 2010
Poland will receive an extra EUR 633mn, the Czech Republic - EUR 237mn and Slovakia - EUR 138mn in structural funds in 2011-2013, the European Commission has announced. The top-up is a direct consequence of stronger economic growth than forecast in these countries, it explained. The interinstitutional agreement on the 2007-2013 financial framework between the European Parliament, Council and Commission foresaw automatic adjustments for countries whose GDP had varied by more than 5% cumulatively over 2007-2009 compared to the forecasts when drawing up the framework. The economic growth of Poland over that period was 8% higher than forecast, whereas Slovakia's and the Czech Republic's were respectively 10.8% and 7.5% higher than expected, the Commission argued. tom

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