European Interest

Large Czech companies benefit from EU countryside funding

Flickr/blackcatcara/CC BY-NC 2.0

The European Union’s countryside development programme has proved to be a boon for large Czech companies, according to a report released on June 4 by the country’s National Audit Office.

The report noted that 2.8bn crowns out of a total 3.8bn crowns allocated was to one sole programme aimed at supporting the processing of foodstuffs.

According to Radio Praha online, most of these funds were directed to large companies.

The report also highlighted delays in paying out subsidies by the agriculture ministry with only 187m crowns dispatched by the end of 2017, the watchdog said.

Explore more