Cohesion – Structural Funds
On 18 December 2003 the negotiations on the strategy for the implementation of structural funds in the Czech Republic for the period 2004 to 2006 were successfully concluded. The Czech Republic may benefit from the amount of EUR 1,525 billion. The strategy adopted in the Czech Republic will be implemented through five Operational Programmes and a Single Programming Document for the Prague region (following Objective 2).
The Treaty of Accession provides that the acceding countries may benefit from the eligibility of expenditure under structural funds as of 1st January 2004 where all the conditions laid down in the structural funds and Cohesion Fund regulations are fulfilled. The conditions involve compliance with the Community legislation in the areas of regional policy, public procurement, environmental protection, financial management and control, equal opportunities, etc. Theoretically, the costs of individual projects spent at the beginning of this year should qualify for contribution from the EC funds. However, there are opinions that the only refundable costs will be those incurred after approval the application has been approved or after the agreement with the funding recipient has been concluded.
The individual ministries are now preparing the so-called program supplement to the relevant manuals, which stipulate the terms and conditions, procedures for and types of potential projects, selection criteria, groups of final recipients, etc. Since the Czech Republic will join the European Union in less than three months and the final versions of operational programs or individual program documents are yet to be published, the entire process is delayed and it is very likely that the announcement of individual programs will be postponed.
Other articles
KŠB secures landmark Supreme Court ruling on size premiums in squeeze-out valuations
Kocián Šolc Balaštík (KŠB) has obtained a significant victory before the Czech Supreme Court in a dispute over the fairness of the consideration paid to minority shareholders in Léčebné lázně Mariánské Lázně a.s. In its judgment in case no. 27 Cdo 1678/2025, the Court dismissed the claimants’ appeal and upheld the lower courts’ decisions. KŠB lawyers Radka Felgrová and Vlastimil Pihera represented the company and its majority shareholder.
KŠB advises on the sale of a majority stake in Znakon Group to enteria
KŠB provided legal advice on the sale of a 75% stake in Znakon, Znakon Asfalt and Znakon Servis to enteria, a Pardubice-based group and one of the Czech Republic’s largest construction holdings.
KŠB Runs for a Good Cause
On Tuesday, 8 September three teams from KŠB took part in the eighth annual Good Will Run organised by the Olga Havel Foundation in Prague’s Hvězda Park. Proceeds from the entry fees will go towards supporting families facing difficult circumstances due to serious illness, loss of housing or domestic violence.
