This paper deals with investment projects co-financed by European funds. It is able to see European funds as an important source of money for the Czech economy. The Czech drawing is compared with drawing in neighbouring countries—Poland and Slovakia. The aim of this article is to shown ho supported projects are evaluated. Economic evaluation of these projects will be compared to theoretical approaches of business economics. Because there are several types of supported programmes, two Czech projects will be chosen and compared, namely Operational Program Prague Competitiveness and ROP NUTS II North East. Failures can always occur because nothing exists isolated from its environment. Corruption is discussed as the main problem.
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