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Ministry incompetence mismanages Euro money

Jul 16, 2008
By Marge Tubalkain-Trell

TALLINN -  Estonia may leave 1.5 billion kroons (nearly 96 million euros) from the European Union Cohesion Fund unused due to inadequate management, according to the National Audit Office. Under the conditions of the program, Estonia must return any unspent funds. The NAO audit revealed that in a number of cases, the Ministry of Economic Affairs and Communications failed to ensure that projects were on track to be completed within the planned time frame and budget. NAO is also worried abou ...


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