n June, Komerční banka's EU Point Index surged, climbing to so far the highest value this year. This growth was mainly supported by reopened subsidy schemes for businesses and subsidies for water management infrastructure and flood control measures.

After a short pause, activity in the area of subsidies was highly above-average again. Compared with May, June saw the opening of new calls. Applicants could therefore register for more than 100 different subsidy schemes. The overall volume of open subsidy schemes also increased and amounted to almost CZK 94 billion.

Reception of applications for contributions was started in the much sought-after schemes, Innovation–Project, and Development, both under Operational Programme Enterprise and Innovation [OPPI]. Under both of these schemes, applicants can receive contributions to buy machines and technological process equipment, ideally with a view to innovating a product or service. Under OPPI, almost all schemes were opened in May (with the exception of Real Estate and Advice). This was also reflected in clients' increased demand for consultations with KB's regional EU Point specialists.

Under Operational Programme Human Resources and Employment [OPLZZ], the EDUCA scheme was reopened; businesses can apply for up to 100% of the costs of further professional education of their employees. We expect a gradual conclusion of the reception of registration applications for OPPI (in June EKO-ENERGIE, PROSPERITY and Marketing, in August Development, and in September Innovation–Project, and Potential) very soon, and subsequently their evaluation. Businesses could then start implementing these projects in late 2010.

As regards planned subsidies, calls opened in October under Operational Programme Environment [OPŽP] will be attractive for public sector clients. For example, applications for wastewater treatment plants, this time in municipalities with a population of less than 2,000, and for flood control measures will be received. We will monitor the conditions and options of October calls for the clients.

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 Point 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 www.eupoint.cz.

Conditions for using EU Point Index

The Index can be freely distributed subject to bearing the designation "EU Point Index" and indicating the source, "Komerční banka" (in the case of online media, with an active link to www.eupoint.cz).

The EU Point Index is based on aggregate data on the main subsidy schemes intended for applicants, covering the preceding month.

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 8,659 employees serve more than 2.7 million clients, who can use an extensive network of 398 points of sale throughout the country. Komerční banka currently operates 688 ATMs and almost 985,000 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 157,000 employees serve more than 32 million individual clients worldwide.