The COMMUNICATION FROM the
Ministry of Foreign Affairs
Ministry of Foreign Affairs communicates, on 18 November 1997. February 1993 was in
Prague signed the framework agreement on financial cooperation between the Czech
Republic and the European Investment Bank, which has been amended by the exchange of
notes from 8 December. and 28. July 1994. The agreement on the basis of the change of its
Article 15 referred to the agreed exchange of notes entered into force on
signature, IE. day of the 18. February 1993.
English translation of the agreement shall be published at the same time. In the English version, which is
for its interpretation of the applicable, can be consulted at the Ministry of foreign
Affairs and the Ministry of finance.
THE FRAMEWORK AGREEMENT
on financial cooperation between the Czech Republic and the European investment
This agreement shall be concluded between:
the Government of the United States, represented by the Ministry of finance, acting
through the Minister of finance, Mr. Ivan Kočárníkem,
continue to be known as the "CR" on the one hand, and the European investment
the Bank, having its headquarters temporarily at 100 boulevard Konrad Adenauer,
Luxembourg-Kirchberg, Grand Duchy of Luxembourg, represented by Mr
Hans Duborgem, Vice President,
continue to be known as the "Bank" on the other.
Starting from the fact that:
(A) pursuant to the action plan for the European Community assistance of CZECHOSLOVAKIA in its
efforts to carry out political and economic reform and in accordance with the decision of the
The College Governors of the European Investment Bank (still referred to as the Bank) of the
April 18, 1991 authorising him to provide loans from its own
resources in CZECHOSLOVAKIA. The Bank will participate in the financing of investment
projects that meet the normal criteria of the Bank for lending from its
(B) after the dissolution of the CSFR and its legal succession of the Czech Republic (Czech Republic)
and the Slovak Republic (SR) with effect from 1 January. January 1993 the Bank will in
accordance with the aforementioned action plan and the decision to continue the
participation in the financing of investment projects in the Czech Republic and
The Slovak Republic and
(C) for the purposes referred to in point (B) above, the aggregate amount of up to 700 million.
The ECU may be granted to Czechoslovakia, replaced with effect from 1. January 1993
The Czech Republic and the Slovak Republic, Bulgaria and Romania without
breakdown of this amount in the form of loans from the European Investment Bank
provided from its own resources.
The Bank will participate in the PHARE programme in support of the action plan, the efforts
Czechoslovakia, replaced with effect from 1. January 1993 the Czech Republic and
The Slovak Republic, to carry out political and economic reform and of the
the decision of the College Governors of the Bank to provide loans from the qualifying
their own resources in the CZECHOSLOVAK FEDERATIVE REPUBLIC and finance investment projects that
meet the normal criteria of the Bank for lending from its own
2.1 for the purposes specified in article 1, the aggregate amount of up to 700 million. ECU
may be granted to Czechoslovakia, replaced with effect from 1. in January 1993, the Czech
Republic and the Slovak Republic, Bulgaria and Romania in the form of
loans from the European Investment Bank, provided from its own
2.2 the amount provided for in paragraph 1 of this article will be used to
co-financing of specific capital investment projects
meet the normal criteria of the Bank for lending from its own
sources and submitted to the Bank by the competent authorities of the CZECH REPUBLIC or with their
2.3 appropriateness of projects will be investigated, and loans will be provided in
accordance with the detailed rules, conditions and procedures laid down by the
the Statute of the Bank.
The loans provided by the Bank will be subject to conditions, with regard to the time limit,
the economic and financial nature of the projects, the interest rate will be determined by
The Bank, in accordance with its practice.
Bank loans for the implementation of projects may take the form of co-financing, on the
which would, in particular, the Bank participated in the Czech Republic and credit institutions
Member States or other States or the international financial organization.
The Czech Republic and any private, partially or wholly State-owned enterprise
established in accordance with the law of the CZECH REPUBLIC, possibly with the participation of foreign investors
in the form of a joint venture, will have access to funding to the designated
for financial cooperation under the same conditions.
Implementation, management and maintenance of projects funded under the financial
cooperation between the Czech Republic and the Bank will be the responsibility of the final beneficiaries,
7.01 the participation in invitations to tender and other procedures for the award of contracts
will be in accordance with the normal practice of the Bank.
7.02 the CZECH REPUBLIC will apply to contracts awarded for the execution of projects
financed under financial cooperation, tax and customs rules
at least as favourable as the rules used in relation to other
international financial organizations.
The CZECH REPUBLIC shall take the necessary measures in order to ensure that interest and all other
payments due to the Bank on the basis of loans granted in the context of the financial
cooperation shall be exempt from any taxes and fees.
If the loan is granted to the beneficiary in accordance with article 2, submission of guarantees
the CZECH REPUBLIC may be required by the Bank as a condition of the loan.
Any agreement on the loan and the guarantee under this financial cooperation
will be subject to the jurisdiction of the European Court of Justice.
During the duration of the loans granted the CZECH REPUBLIC undertakes to take all
the necessary measures in accordance with their national legislation, to
to allow borrowers who have benefitted from such loans and guarantors of loans
access to one of the necessary for the payment of interest, Commission and other
charges and repayment of loans.
The CZECH REPUBLIC will make every effort to ensure that funded projects
will not be treated less favourably than another is treated in accordance with the existing
national laws or regulations or of any bilateral investment agreements.
Bank representatives on business involvement in financial cooperation will enjoy
the usual privileges and advantages in the performance of their duties and while travelling
and the space in which they perform such obligations required.
The provisions of this agreement will remain in effect until all amounts
due under financial contracts entered into pursuant to this agreement will not be
This agreement shall enter into force on the date of notification of the United Kingdom that
the constitutional requirements for the entry into force have been met.
In witness whereof the said parties have entered into this agreement in three
original copies in the English language.
This agreement was signed on behalf of the CZECH REPUBLIC Mr. j. Větrovským, Director
devizově of the financial Department of the Ministry of Finance of the Czech Republic and
on behalf of the Bank, Mr. h.-j. Seeligerem, Advisor to the leadership.
In Prague on 18. February 1993
Signed for and on behalf of the Government of the Czech Republic:
I. the occasion in r.
Signed for and on behalf of the European Investment Bank:
H. Duborg in r.
The Ministry of Foreign Affairs of the Czech Republic reflected the respect of European
Investment Bank and has the honour to communicate the following:
On 18 July 2005. February 1993 in Prague signed the framework agreement on the financial
cooperation between the Czech Republic and the European Investment Bank,
that, according to article 15 of this Agreement shall enter into force on the date of
notification of the United Kingdom, that the constitutional requirements for the entry in the
entry into force have been met. However, since this phrase was verbal agreement
in signing this agreement, amended in the sense that this agreement enters
force on the date of signature of the Ministry of Foreign Affairs has the honour to
propose to preserve legal certainty for both parties, a change
Article 15 of the framework agreement on financial cooperation between the Czech Republic and
The European Investment Bank, signed on 18 December February 1993 in Prague,
"This agreement will enter into force on the date of the signature."
The above mentioned framework agreement will apply to financial contracts
signed from the date of signature of the framework agreement, i.e.. from 18. February 1993.
The Ministry of Foreign Affairs of the Czech Republic has the honour to propose, for the
provided that the content of this note will be the European Investment Bank
accept this certificate and certificate the European Investment Bank,
confirming this Agreement constitute an agreement amending the framework agreement on
financial cooperation between the Czech Republic and the European investment
the Bank, which will be an integral part of, and that the date of the response, the note
The European Investment Bank.
Ministry of Foreign Affairs takes this opportunity to ensure
The European Investment Bank my deepest respect.
In Prague, on 8 June 1998. July 1994
The European Investment Bank
100, boulevard Konrad Adenauer, Kirchberg, Luxembourg-Grand Duchy of
Luxembourg, 28. July 1994
The thing: the framework agreement on financial cooperation between the Czech Republic and
The European Investment Bank of 18 December 2003. February 1993
Letter to the Ministry of Foreign Affairs of 8 June. July 1994, j.
We acknowledge receipt of the above letter.
We confirm our assent to the content of this letter. In particular, we have taken
note of the entry into force of the abovementioned framework agreement from the date of signature,
i.e.. February 18, 1993, and its implementation in the context of financial contracts
signed after this date.
At the same time we are sending this letter to the Ministry of finance, representing the
The Czech Republic as a signatory to the framework agreement.
THE EUROPEAN INVESTMENT BANK
C. Knowles in r. h.-j. Seeliger in r.
Ministry of Foreign Affairs
The Ministry of finance
International financial Department