EU Point Index, which indicates the activity on the Czech subsidy market, increased significantly in April and climbed to 163 points. The highest value of the Index this year indicates a number of open calls and opportunities for businesses and municipalities to obtain funds for their projects.

The significant growth of EU Point Index to 163 points is attributable to the launch of new subsidy schemes of the Ministry of Industry and Trade (MIT) and also the large number of approved applications under Operational Programme Environment.

The Ministry of the Environment has approved almost 1,000 applications in the area of Landscape Water Regime Optimisation (mud removal and revitalisation of fish ponds, reservoirs and small streams) and Waste Disposal Improvement (reclamation of disposal sites).

At the same time, MIT has launched two schemes attractive for a broad range of businesses: Development and Innovation - Innovation Project. Allocations to both schemes amount to CZK 6 billion. The launch of these schemes has been reflected in an increased demand for consultations with KB's EU experts - in April alone, 50% more projects than usual were consulted.

In the coming period the increased subsidy activity can be expected to continue. "The receiving of registration applications under the Development and Innovation - Project scheme, OP Enterprise and Innovation, will continue. Further, OP Environment will receive applications for renewable energy sources. In August, a call will be launched for European centres of excellence under OP Research and Development for Innovation, where the allocation is unusually high, CZK 17 billion," says Jan Hanuš, Head of Municipalities and Public Support Programs, Komerční banka's unit specialised in subsidies.

KB EU Point provides KB's clients with assistance in the implementation of subsidised projects. Relationship managers will search, free of charge, for subsidy schemes appropriate for each specific project and the bank's EU regional specialists will provide detailed consultations. Specialised companies with proven experience and expertise then prepare applications for subsidies and take care of complete project administration. The selection of a particular company is left up to the client at all times. The bankers also recommend the optimum project financing, compliant with the subsidy conditions. More information can be obtained from a relationship manager or at

KB EU Point Index - calculation method

The EU Point Index aggregates data from the whole market into a single index that can be easily interpreted. For the public, it shows the general trend of developments in the key areas of the subsidy market in comparison with the long-term average. The value of the EU Point Index is adjusted with a view to the long-term average equalling 100. The current value represents the increase (or decrease) in the subsidy activity in comparison with the long-term average.

Eight inputs are reflected in the value of the index:

  • Number and volume of open calls (a weighting of 30%) - all calls that were opened in the respective month are factored in, including the calls that are applicable for the whole programming period. The number and amounts of allocations represent the activity of the granting agencies, or "what they have done for the successful distribution of EU funds";
  • Number and volume of applications submitted (a weighting of 25%) - applications represent applicants' activity. These values depend on the current funding opportunities. A large number of applications also reflects the attractiveness of subsidy programmes, or "how subsidies accommodate applicants' needs";
  • Number and volume of approved projects (a weighting of 30%) - these values depend on the calls opened in the past and on the projects submitted. Their purpose is to represent the activity of the managing authorities, which always approve subsidies in the end. In 2008 the number and volume of approved subsidies showed an upward trend; we expect this trend to continue this year too;
  • Number of consultation sessions held by KB EU Point and number of questions received at the free information line 800 900 930 (a weighting of 15%) - reflects the activity of Komerční banka's clients and the way they use KB EU Point's services.

The EU Point Index calculation does not include the Transport Operational Programme. This Operational Programme is not primarily intended for ordinary applicants for funding (its beneficiaries are predefined by the government's development plans).

Since the above are different indicators expressed in different units and have different magnitudes, we always compare a change in the current value against the long-term average. The average value of calls opened in the past is evaluated separately, and the current value is compared against this average. The current value is further factored into the average in the coming periods. For comparisons between indicators, weightings have been determined depending on the importance of the various indicators.

Komerční banka is one of the best run universal banks in Central Europe. It provides comprehensive services to clients in the areas of retail, corporate, and investment banking. The Komerční banka Group's 8,930 employees serve 1,632,000 clients, who can use an extensive network of 397 points of sale throughout the country. Komerční banka currently operates 679 ATMs and more than 958,000 of its clients use one of direct banking channels.

Komerční banka is part of the Société Générale Group, one of the largest banking groups in the euro zone (in terms of market capitalisation), whose 163,000 employees serve more than 30 million individual clients worldwide.