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Gov’t earmarks CZK 270 million to Czech-German Fund

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Prague, May 18 (CTK) – The Czech government decided to give 270 million crowns to the Czech-German Fund for the Future in 2018-2027, Foreign Minister Lubomir Zaoralek told journalists during a cabinet meeting on Wednesday.

The Fund should receive the money from 2017 to 2020.

The Czech contribution for the German-Czech projects focusing on youth and education, culture, science, publishing, heritage reconstruction, social aid and protection of minorities were agreed on the foreign and finance ministries in the past two years.

Germany plans to give a sum equivalent to roughly 650 million crowns.

The Fund (Deutsch-Tschechischer Zukunftsfonds) was established in 1997, based on the Czech-German Declaration that focused on the development of relations between the two countries. Originally, the Fund was to operate for 10 years, but Berlin and Prague decided in 2007 that they would keep supporting the neighbourly relations.

The Fund has provided subsidies of about 50 million euros to more than 9000 projects so far.

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