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Lithuanian commissioner Dalia Grybauskaite says the EU newcomers need to hurry up in spending the bloc's money (Photo: European Commission)

New member states too slow to spend EU aid

The newest and poorest EU member states have spent only a quarter of the bloc's regional aid package put aside for them in 2004-2006, with Cyprus, the Czech Republic and Poland scoring the worst results.

Out of €21.5 billion of the so called "structural funds" - used for large infrastructure or environment projects - assigned for the ten newcomers until the end of this year, only €5.6 billion (26.2%) have so far been used.

Combined with farming aid, they cash in about 40 percent o...

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Lithuanian commissioner Dalia Grybauskaite says the EU newcomers need to hurry up in spending the bloc's money (Photo: European Commission)

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