Author: ilukacova
Company: MF SR

MOŽNO SPRÍSTUPNIŤ

Príloha č. 2

Funding Agreement

for the purpose of co-financing two positions of Advisors within the Office of the Director for the Czech Republic, the Republic of Hungary, the Slovak Republic 
and the Republic of Croatia

This Funding Agreement (hereinafter the “Agreement”) is made among the Governors of  the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia in respect of the arrangements for co-financing the position of two Advisors to the Director for the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia at the European Bank for Reconstruction and Development (hereinafter the “EBRD”).

WHEREAS

(A)	The European Bank for Reconstruction and Development (the “EBRD”) was created by the Agreement Establishing the European Bank for Reconstruction and Development dated 29 May 1990 (the “Agreement Establishing the EBRD”).

(B) 	Each Member Country of the EBRD has appointed its Governor of the EBRD. 

(C) 	The Member’s Countries are grouped into constituencies, and the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia are members of a joint constituency.

(D)	The arrangements in the office of the Director representing the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia are stipulated by the Constituency Agreement signed by the Czech Republic, the Republic of Hungary and the Slovak Republic dated 1 February 1993 and corresponding acknowledged by the Republic of Croatia on 15 February 1994. The Funding Agreement will be valid if the parties agree on a new Constituency Agreement.

NOW THEREFORE the Governors of the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia (hereinafter referred to as the “Constituency Members”, each a “Constituency Member”) has agreed as follows:

Article 1
Purpose of the Agreement

1.	The purpose of the Agreement is to agree on providing the financial support, set out below, to co-finance two positions of Advisors to the Director for the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia at the EBRD (hereinafter the “Constituency Office”) with effect from the first day of the month following of the availability of the financial support as specified in paragraph 2 and 3 in Article 2.

Article 2
Commitments

1.	Two advisory positions within the Constituency Office held by a national of the Slovak Republic and a national of the Republic of Croatia shall be financed by the Constituency Members in agreed proportion whereby the costs associated with the advisor’s position should represent an amount corresponding to fifty per cent (50 %) of the gross base salary of the EBRD Director (Member of the Board of Directors) as follows:

1.1.	Advisory position held by a national of the Slovak Republic shall be funded by the Governors of the Czech Republic, the Republic of Hungary and the Slovak Republic in equal proportion.

1.2.	Advisory position held by a national of the Republic of Croatia shall be funded by the Governors of the Czech Republic and the Republic of Hungary in equal proportion. 

2.	The first payment of financial support towards the funding of these two advisory positions shall be submitted by the Constituency Members to the specific EBRD account based on a contribution agreement with the EBRD in one installment not later than 15 working days after the signature of the Funding Agreement by all parties to cover the remaining period of the year 2011.

3.	From January 2012 and onwards the payments of financial supports shall be submitted on a yearly basis to the specific EBRD account in one instalment by the end of January of the corresponding year and shall continue until termination of this Agreement pursuant to Article 4 of this Agreement. After the graduation of the Slovak Republic and the Republic of Croatia from EBRD operations (graduation date), the funding of their advisors shall continue, unless otherwise agreed in writing among the Constituency Members.

4.	The respective Constituency Member consents to contribute an agreed proportion for the exact purpose of co-financing two positions of Advisors within the Constituency Office, which the EBRD shall use solely toward these advisory positions in the form of appropriate compensation and benefits consistent with applicable EBRD policies in accordance with the separate Contribution Agreement signed between the respective Constituency Member and the EBRD. 

Article 3
Amendments and Communications

1.	This Agreement shall be amended only by written agreement between the Constituency Members.

2.	Any new issues arising out of - or relating to - this Agreement shall be amicably settled through negotiations between the Constituency Members.

3.	The offices responsible for coordination of all matters related to the implementation of this Agreement and to which notices under this Agreement should be addressed and sent are:

For the Czech Republic:
Ministry of Finance of the Czech Republic
Letenská 15
CZ - 118 10 Praha 1
Czech Republic

Attention: 
Mrs Eva Anderová
Director, International Relations Department
Tel.: +420 257 042 300
Fax: +420 257 042 281
Email: eva.anderova@mfcr.cz

For the Republic of Hungary:
Ministry for National Economy of the Republic of Hungary
József nádor tér 2/4
H-1051 Budapest
Hungary

Attention: 
Mr László Örlős
Head of Department, Department for International Finance
Ministry for National Economy
Tel.: +36 1 795 1796
Fax: +36 1 795 0327
Email: laszlo.orlos@ngm.gov.hu

For the Slovak Republic:
Ministry of Finance of the Slovak Republic
Štefanovičova 5, P.O.Box 82
SK – 817 82 Bratislava 15
Slovak Republic

Attention: 
Mr Mário Virčík
Director, Department of International Relations             
Tel.: +421 2 5958 3326
Fax: +421 2 5958 3347
Email:  mario.vircik@mfsr.sk

Copy:
Ms Iveta Lukáčová
Chief State Counsellor
Tel.: +421 2 5958 3331
Fax: +421 2 5958 3347
Email:  iveta.lukacova@mfsr.sk

For the Republic of Croatia:
Ministry of Finance of the Republic of Croatia
Katančiceva 5
10 000 Zagreb
Croatia
 
Attention: 
Mrs Vladimira Ivandic, Director
Directorate for European Integration and International Financial Relations
Tel.: +385 1 4591 258
Fax: +385 1 4922 598
Email: vladimira.ivandic@mfin.hr

Article 4
Effectiveness and Termination

This Agreement shall enter into force on the date when the last of the Constituency Members signs it. It shall remain in force unless amended by a subsequent agreement signed by all of the Constituency Members in writing or until the expiry of the new Constituency Agreement at the latest. This Agreement shall be terminated by a mutual written consent of all Constituency Members participating in funding of the advisory positions under the Article 2 paragraph 1 of this Agreement and such termination shall become effective six months after the date of the said written consent. This Agreement shall expire automatically for a Constituency Member upon withdrawal of such Constituency Member from the Constituency Agreement according to the paragraph 10 of the new Constituency Agreement provided that all financial commitments of this Constituency Member arising out of this Agreement are settled. 

IN WITNESS WHEREOF, the respective Governors of the Czech Republic, the Republic of Hungary, the Slovak Republic and the Republic of Croatia have signed this Agreement in four originals in the English language, one original for each of the Constituency Members.

For and on behalf of
the Governor of the Czech Republic

.....................................................................                
Name:   Miroslav Kalousek
Title:     Minister of Finance

For and on behalf of
the Governor of the Republic of Hungary

..........................................................................
Name:    György Matolcsy
Title:      Minister for National Economy

Date: | Date:

For and on behalf of
the Governor of the Slovak Republic

.....................................................................                
Name:   Ivan Mikloš
Title:     Deputy Prime Minister and
              Minister of Finance

For and on behalf of
the Governor of the Republic of Croatia

..........................................................................
Name:    Martina Dalić
Title:      Minister of Finance

Date: | Date: