October 14, 2025

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

October 14, 2025
93871

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

6 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

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

DIRECT — Déclaration de politique générale de Sébastien Lecornu

October 14, 2025
69512

DIRECT — Déclaration de politique générale de Sébastien Lecornu

Une relation déséquilibrée existe, la majorité des exportations de l’UE étant frappées par des droits de douane américains de 15 %. Cependant, les industries de l’automobile, de l’aviation et des semi-conducteurs ont évité le scénario le plus défavorable.

Read More

Switzerland and China to Speed Up Trade Talks Affected by US Tariffs

October 14, 2025
94892

Switzerland and China to Speed Up Trade Talks Affected by US Tariffs

Switzerland (Eurotoday Newspaper) – Switzerland and China have agreed to speed up negotiations to upgrade their free-trade agreement amid rising pressure from high US tariffs on Chinese goods. Swiss Foreign Minister Ignazio Cassis and Chinese counterpart Wang Yi emphasized closer collaboration to mitigate tariff impacts as Switzerland continues trade discussions with the US administration.
Swiss

Read More

UN releases $11 million for Gaza aid as ceasefire, hostage release bring ‘fragile hope’

October 14, 2025
60381

UN releases $11 million for Gaza aid as ceasefire, hostage release bring ‘fragile hope’

The allocation, announced on Monday by Emergency Relief Coordinator Tom Fletcher, will aid in the immediate expansion of operations across the Gaza Strip, providing food, water, healthcare, and shelter for civilians impacted by two years of conflict. This follows a $9 million allocation last week for securing fuel supplies for hospitals and essential services, bringing total CERF funding for Gaza

Read More

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

October 14, 2025
93871

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

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 a

Read More

[DOCUMENT] Projet de loi de finances 2026 : tout ce qu’a décidé Lecornu en matière de fiscalité

October 14, 2025
31748

[DOCUMENT] Projet de loi de finances 2026 : tout ce qu’a décidé Lecornu en matière de fiscalité

L’exécutif introduit une mesure visant à faire contribuer les plus fortunés (article 3), qui devrait susciter de vifs débats au Parlement, si le gouvernement tient jusque-là. Elle instaure une taxe sur les “actifs non affectés à une activité opérationnelle des holdings patrimoniales”. Bien qu’elle vise les outils favorisés par les plus riches pour échapper au fisc, cette taxe ne devrai

Read More

Sentencing Underway for Donna Adelson in Dan Markel Murder Case

October 14, 2025
32033

Sentencing Underway for Donna Adelson in Dan Markel Murder Case

Florida (Eurotoday) – Donna Adelson, the matriarch convicted of orchestrating the 2014 murder-for-hire killing of law professor Dan Markel, is currently being sentenced in Tallahassee, Florida. Following her conviction for first-degree murder and related charges, Adelson faces a mandatory life sentence without parole for her role in the murder scheme linked to a bitter family custody dispute.
Do

Read More

How the Press Transformed a Hindu Temple Investigation into a Presumption of Guilt

October 13, 2025
39644

How the Press Transformed a Hindu Temple Investigation into a Presumption of Guilt

In spring 2021, federal agents raided a Hindu temple construction site in Robbinsville, New Jersey. Headlines quickly emerged worldwide, accusing “slave labor,” “passport confiscations,” and “sect leaders” of trapping Indian workers inside a temple compound. Public opinion formed a verdict before any charges were filed. Four years later, the Justice Department dropped the investigation quietly, c

Read More

Von der Leyen in Tirana: Albania Moving Towards EU Membership

October 13, 2025
30775

Von der Leyen in Tirana: Albania Moving Towards EU Membership

Ursula von der Leyen, President of the European Commission, stated in Tirana during her opening address at the inaugural EU-Western Balkans Investment Forum that Albania is progressing well on its path to EU membership.
She commended the Albanian government’s efforts and expressed her support for Prime Minister Edi Rama’s goal of concluding the negotiation chapters by the end of 2027.

Read More

Ministers Aim to Address Migrant Return Centers and Cross-Border Deportation Authorities

October 13, 2025
28450

Ministers Aim to Address Migrant Return Centers and Cross-Border Deportation Authorities

In the proposed system, if a country like Greece decides to deport a migrant who then moves to Sweden, the Swedish authorities must deport that individual.
Reaching an agreement is challenging. Critics argue that mandatory recognition might prompt border nations, which support this system, to deport individuals and let them move to other bloc areas, thus creating challenges for others.
“There is a

Read More

Power Outage Hits Turnhout Care Centre De Wending After Fluvius Work

October 13, 2025
17665

Power Outage Hits Turnhout Care Centre De Wending After Fluvius Work

Turnhout (Eurotoday Newspaper) – Turnhout residential care centre De Wending has been without power since the afternoon, Oct 13, 2025, after Fluvius maintenance. Outage exceeded 1 hour. Katrien Adrians said staff, fire department, and emergency services are assisting residents safely.
As GVA News reported, Turnhout Residential Care Centre De Wending has been without power since this afternoon, O

Read More