Tuesday, 9 December 2025
Prague will provide 600 million CZK to Kongresové centrum Praha (KCP), the municipal company that operates the city’s main congress venue. The funding, approved by city councillors, will support the construction of a new exhibition hall next to the existing building and cover several related investments.
The city, which became the sole owner of KCP earlier this year after purchasing the state’s 54.35% share, will transfer the money as a voluntary contribution outside of basic capital. According to the explanatory report, this method enables the company to access the funds quickly.
“We will be starting an already approved investment in the hall, which will be built next to the congress center. We will send the company 600 million crowns in this form. The company will have funds released so that it can significantly advance in the construction of that hall next year,” said Prague’s finance councillor Zdeněk Kovářík (ODS). He added that the hall is a key reason the city chose to take full ownership of KCP.
In addition to supporting the new hall, the funding will go toward repairs of the garage areas, upgrades to reduce the building’s energy consumption, improvements to stage technology and renovations to the surrounding terraces.
The city’s acquisition from the state, approved in June, included the transfer of several municipal properties—Faust House at Karlovo náměstí, a plot at Homolka Hospital and a parking site near the Ministry of Foreign Affairs—along with 2.21 billion CZK, representing the state’s past investment into the venue ahead of the 2000 IMF meeting.
Kongresové centrum Praha, founded in 1995, operates 70 halls and rooms for conferences and events, and includes the Business Centre Vyšehrad and the Holiday Inn Prague Congress Centre hotel. The main building was constructed between 1976 and 1981 and underwent major reconstruction around the turn of the millennium.
