Economy By

Czech Audiovisual Fund: 400 million crown subsidy cut is illegal

Czech Audiovisual Fund: cutting subsidies by 400 million crowns is illegal

The board of the Czech Audiovisual Fund has said that the planned cut in state subsidies is contrary to the law. The head of the ministry has demanded that funding for support be reduced by about 400 million crowns, roughly half. In the board’s view, lowering subsidies below the statutory minimum violates the law and makes no economic sense.

“Any change or reduction of this amount would bring no savings to the state budget, because the minimum state budget contribution to support the audiovisual sector is set by the current rules for 2027 at 228 million crowns,” the board’s resolution states.

The savings demanded by the ministry exceed the minimum state contribution by 172 million crowns. They would also seriously hit the fund’s own revenue from fees paid by cinema operators, television channels and streaming platforms.

The board points out that the support plans were approved in September, and specific calls for applications have been announced since October. The proposed funding restriction would undermine the stability and predictability of the sector, wipe out long-term project preparation and breach the rules of the grant programs.

Fund representatives add that, following its transformation, the fund is also responsible for the development of the gaming industry and animation. “Any changes to support must be properly justified and take into account the obligation to ensure the development of each supported category,” they stress.

Around Prague, based on reporting by novinky.cz

Share: Telegram WhatsApp

More U.S. news

Five Shot Near Logan Circle Gym in D.C. as Suspect Remains at Large
Five people were shot early Thursday in Washington's Logan Circle neighborhood, about 1 mile north of the White House, according to reports from Fox 2 Detroit, The Mirror US and The Associated Press.
Anthropic Seeks Over $61 Billion in IPO: What Buyers Should Know
Anthropic, the maker of the Claude chatbot, plans to sell 825 million shares at $70 to $78 each in its initial public offering, which could raise more than $61 billion, according to Scripps News. For
Nvidia Shares Fall 8.62% After Hours on Reports Board May Oust CEO
Nvidia shares dropped 8.62% in late after-hours trading on Wednesday, according to investingLive, after reports that the company's board was considering whether to remove CEO Jensen Huang. Rival chipm
Democrat Scott Colom Flips Mississippi Senate Seat, a First Since 1982
Democrat Scott Colom has defeated Republican Sen. Cindy Hyde-Smith in Mississippi, according to projections from NBC News and CBS News and a race call by The Associated Press, as reported by NPR. The
Delaware Voters Sue to Add a 436th Seat to the U.S. House
Two Delaware voters have taken the fight over the size of the U.S. House to federal court, asking judges to declare the chamber’s 435-seat limit unconstitutional and give their state a second represen
Children's Place Bankruptcy: What Shoppers and Workers Face Now
The Children's Place filed for Chapter 11 bankruptcy protection on Nov. 8, and the filing already changes what shoppers can do with returns, gift cards and reward points. It also puts hundreds of jobs

Related news

Czech households on a monthly fixed electricity price are paying more than 6,000 CZK per MWh before VAT in November. That is two to three thousand crowns more than under long-term contracts of several years or for an indefinite term. In spr
Poundland is expected to ask for more time to find a rescue deal as a legal deadline expires at midnight on Wednesday. The outcome will shape the future of the discount chain's 600 shops and 11,000 employees, according to London Business Ne
The receivers of Australian department store chain David Jones said Wednesday that they will close 19 of its 38 stores, according to The Guardian and ABC News. The closures put many of the retailer's more than 6,000 employees at risk of los
China’s imports grew faster than its exports in October, and both beat economists’ forecasts, according to customs data. Imports rose 41.6% from a year earlier, while exports rose 35.2%, the South China Morning Post and CNBC reported. The r
Qantas plans to cut 850 corporate jobs in Australia and hand the work to the consulting firm Accenture, with most of the roles moving to India, the airline announced Tuesday. The Guardian and the BBC both reported the move, which Qantas tie
The Czech government on Monday discussed an amendment to the law on the single monthly employer report (JMHZ): the list of data that companies must pass to the state is to be expanded once again. The new rules should take effect from the Ne
Young Czechs under 36 will be able to deduct more mortgage interest from their tax base: the plan is to raise the limit by another CZK 50,000. Gabriela Krušinová, spokesperson for the Ministry of Finance, told Novinky about the proposal. Th
From November 9 to 15, the autumn “Shopping Week” (Nákupní týden), organized by the publisher Vltava Labe Media, is taking place across Czechia: shoppers can use discount coupons in physical stores and online shops. The coupons are printed
Ahead of Black Friday and the Christmas season, the biggest Czech carriers — Zásilkovna, PPL, DPD, GLS and Balíkovna — have changed how they operate. From 9 November, Zásilkovna is cutting the storage time for parcels at regular pick-up poi
France is facing two pressures at once: street protests over the cost of living and a bond market that is demanding more to lend to the government. About 146,000 people rallied across the country on Saturday, the Interior Ministry said, whi
Senior U.S. officials pressed China on Friday to carry out the commitments it made under the Busan trade agreement, with a focus on farm purchases and rare earth minerals. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamie
During the November Black Friday weeks, Czech online shops often pressure customers with countdown timers and “black price tags”, and some of the discounts turn out to be illusory. The consumer organization dTest has drawn attention to the