Kellner donates tens of millions to Václav Klaus Institute

Financier Petr Kellner is making a major donation to President Václav Klaus’ emerging think tank. In a rare interview for the daily Mladá fronta Dnes the wealthiest Czech said he had decided to give the Václav Klaus Institute a one-time donation of several tens of millions of crowns for the long-term rental of a venue. Kellner said former presidents were symbols and as such should receive greater support, which private businessmen like himself could provide if the state would not. Václav Klaus has said the aim of the institute is to comment on politics inside and outside the Czech Republic through analyses, studies and statements.

On a separate note, Mr Kellner also told the paper that he believes corruption in the Czech Republic has gone “over the edge” and is worse than in Russia.