On Monday 11th August the European Commission accepted the Czech proposal of Partnership Agreement as it was presented by the Czech side. The lengthy negotiations thus ended and the Czech Republic does finally have the framework for uptake of EU funds. First Deputy Minister of Regional Development Daniel Braun on that occasion thanked all the partners and said that it would mean improvement of investments, competitiveness and quality of life in the Czech Republic. By this step the agreement officially entered the formal approval process and will allow the individual programmes in total amount of approx. 600 bn CZK to be negotiated.

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