- Economy is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on!

Latest figures: 40.8% really drawn from EU funds

As of the beginning of December, Czech applicants for European subsidies received CZK 498bn, i.e. 61.6 percent of total allocation for 2007-2013. However, the Ministry of Finance has asked Brussels for CZK 330bn so far, i.e. 40.8 percent of the total amount. Czech authorities have already decided on allocating 90 percent of the reserved financial amount for subsidies.