8.3.2004
News

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

13.10.2025
News

Contract Competition 2025

KŠB ve spolupráci s největší nezávislou asociací studentů práv na světě ELSA vyhlašuje již 14. ročník soutěže CONTRACT COMPETITION. Soutěž studentům práv nabízí jedinečný pohled do světa transakčního práva pod vedením advokátů přední české advokátní kanceláře.
12.10.2025
Financial services

KŠB assisted the J&T Group with the approval of a base prospectus for a CZK 3 billion bond programme

The KŠB team (Martin Krejčí, Vlastimil Pihera, Josef Kříž) provided legal advice to the J&T Group in connection with the approval of the base prospectus for its bond programme. This marks a continuation of KŠB’s long-term advisory role in the group’s financing activities.
9.10.2025
Financial services

KŠB assisted in financing the iconic Alchymist Grand Hotel and Spa

KŠB has been providing long-term legal advice to J&T Bank in connection with debt financing for Czech entrepreneurs. One of the most recent transactions involved granting a loan to the Alchymist Grand Hotel and Spa, one of Prague’s most renowned boutique hotels, owned by Giorgio Bonelli, a prominent figure in the Italian business community in the Czech Republic.