Wyszehrad Group creates fund to finance cultural and educational ventures

The Wyszehrad Group consisting of Poland, Czech Republic, Slovakia, and Hungary has signed an agreement to set up a fund to finance common cultural, educational, tourist and trans-border ventures within the Group. Each of the member countries is obliged to pay an annual fee of euro 250,000. The fund is called the International Wyszehrad Fund and its head office will be based in the Slovakian capital Bratislava. The Slovakian government will serve as treasurer of the group, and executive duties will be co-ordinated by a secretariat which will work under a president chosen from one of the member countries. Political decisions, however,will be taken jointly by a meeting of foreign ministers from the four countries. (Prawo i Gospodarka, June 10-11, page 6) S.M.