EC approves first operational programmes for CR

The European Commission has approved the first Czech operational programme aimed at drawing EU funds which covers entrepreneurship and innovation for competitiveness. Approval of the operational programme will make the Czech Republic eligible for eight billion euros (approximately 216 billion crowns) in EU funds. Altogether 4.4 billion euros will be provided from the European Fund for Regional Development. Reacting to the announcement, Prime Minister Bohuslav Sobotka said it was exceptionally good news for Czech businessmen, firms, academics and universities. According to several European Commission sources, the next operational programmes could be approved by mid-May.

Author: Ruth Fraňková