Prague Castle needs heavy investment before NATO summit

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Prague Castle, the seat of the Czech president, will have to invest 90 million CZK or nearly 3 million USD in connection with the upcoming NATO summit due to take place in Prague in November. The whole event is expected to cost more than 25 million USD. The money is required for upgrading facilities, refurbishment of the main ceremonial room, the Spanish Hall, as well as entrances to the castle. Although the summit itself will be taking place at Prague's Congress centre, the president is likely to invite the 46 heads of state and some of the other 2500 official participants of the summit. The Congress Center will not need such heavy investments as it had undergone a costly renovation before the IMF and World Bank annual meeting in 2000.