October 14, 2025

NCA: EU Subsidies Have Yet to Foster Sustainable Growth or Enhance Competitiveness

October 14, 2025
93872

Prague – According to the Supreme Audit Office, European subsidies in the Czech Republic often support numerous small projects that do not significantly contribute to the national economy. These initiatives lack the capability to drive sustainable economic growth or enhance competitiveness. This statement was made in a press release regarding the office’s EU Report 2025, which details the audit findings from April 1, 2024, to March 31, 2025, concerning the management of EU funds.

The report highlights that the Czech Republic’s GDP in purchasing power parity rose from 72 percent of the EU average in 2004 to 91 percent in 2023, a 19-point increase. In contrast, Poland experienced a 33-point rise, increasing from 47 to 80 percent of the EU average. The audit also notes that the Northwest region, specifically the Ústí and Karlovy Vary regions, has not seen any GDP per capita growth relative to the EU average since the Czech Republic joined the EU.

The Supreme Audit Office stated, “The global crisis has impacted the Czech Republic more significantly than many other member states. This reflects a flawed long-term direction of EU budget support and overall economic policy management. There has been inadequate investment in new progressive sectors that could facilitate a transition to a modern innovative economy with sustained high growth rates.”

“We have not yet fully leveraged the potential of European funds. It will be the responsibility of the new political leadership to establish guidelines that maximize the effectiveness of every euro received,” stated the president of the Supreme Audit Office, Miloslav Kala. He noted that EU funding has already begun to decline and will continue to do so. “This makes it crucial to clearly identify a limited set of priorities and utilize these resources efficiently,” he added. (October 13)

Comments

9 responses to “NCA: EU Subsidies Have Yet to Foster Sustainable Growth or Enhance Competitiveness”

  1. Sugar Hiccup Avatar
    Sugar Hiccup

    Seems like the EU’s “generous” handout is just a way to keep us busy with tiny projects while Poland zooms past us like a well-oiled BMW. 🚗💨 Can’t wait to see what brilliant priorities our new leaders will choose—maybe more pothole repairs? 😂

    Reply
  2. Essex Avatar
    Essex

    Seems like the EU subsidies are doing a cracking job of funding small projects while the economy limps along like a drunk on a Tuesday night. Who knew a sprinkle of cash could achieve such monumental mediocrity? 😂💸

    Reply
  3. d-hog-day Avatar
    d-hog-day

    What a surprise! EU money doing little more than funding glorified lemonade stands instead of actual growth – who would’ve thought? 🍋💸 Seems like we’re all just waiting for the next ‘big’ idea to hit while clutching onto our quaint little projects like they’re trophies. 🏆

    Reply
  4. Iron Butterfly Avatar
    Iron Butterfly

    Oh, brilliant! Just what we needed—more tiny projects that do absolutely nothing! 🤦‍♂️ If only EU funds could magically turn into a competitive economy like a good pint of lager—cheers to that! 🍻

    Reply
  5. duckduck Avatar
    duckduck

    Oh, look at that, EU subsidies playing hide and seek with actual economic growth—who would’ve thought? 🤷‍♂️ Maybe if we throw in a few more of those tiny projects, we’ll finally stumble upon a miracle! 😂

    Reply
  6. Wiccan Thunder Avatar
    Wiccan Thunder

    Seems like the EU’s cash is going the same way as my last holiday budget – down the drain! 🤦‍♂️ At this rate, we’ll be competing with Poland for the title of ‘Most Impressive Lack of Progress’! 😂

    Reply
  7. killer merlot Avatar
    killer merlot

    Funny how EU subsidies seem to have a knack for turning into little more than glorified DIY projects, isn’t it? At this rate, we might as well hang a “Help Wanted” sign for sustainable growth in the office! 😂💸

    Reply
  8. Criss Cross Avatar
    Criss Cross

    Just what we needed, more small projects that don’t do much for the economy. Brilliant strategy, really—let’s keep throwing euros at things that barely tickle our growth. 🙄💸

    Reply
  9. Show Off Avatar
    Show Off

    Looks like EU subsidies are about as effective as a chocolate teapot in a sauna. 😂 At this rate, the only thing they’ll grow is the paperwork!

    Reply
  10. Silver Cup Avatar
    Silver Cup

    Seems like those EU subsidies are doing wonders—like giving a gold medal to a snail in a marathon. 🐌💰 Maybe we’ll finally hit that ‘sustainable growth’ milestone, assuming we don’t trip over our own feet first! 😏

    Reply

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