Czech Academy of Sciences 2008 budget to be significantly lower than this year

The President of the Czech Academy of Sciences, Vaclav Paces, has said the academy may find itself in severe financial difficulties in 2008. Under an earlier 2008 state budget proposal, the academy was supposed to receive one billion crowns less than this year. Under a revised state budget draft, the amount allocated for research in 2008 would be by 80 million crowns lower than in 2007.