The city of Prague has announced its decision to allocate significant financial resources from the fund for the financial settlement of contributory organizations to support several esteemed cultural institutions. The budget adjustment for 2023 includes grants of CZK 450,000 to the National Cultural Monument Vyšehrad, CZK 4 million to the Prague Symphony Orchestra (FOK), and CZK 480,000 to Studio Ypsilon. These institutions, considered essential to the national cultural landscape, attract thousands of Czech and foreign tourists annually.

The decision was reached during a councilors’ meeting and aims to provide substantial financial assistance to institutions that play a pivotal role in Prague’s cultural scene. Deputy Mayor Jiří Pospíšil (TOP 09) expressed his satisfaction with the support extended to these organizations and their efforts.

The National Cultural Monument Vyšehrad, established in 1970, holds the responsibility of managing, rehabilitating, presenting, and promoting the UNESCO-listed heritage site of Vyšehrad. With its rich historical significance and appeal to both domestic and international visitors, Vyšehrad serves as a vibrant cultural hub and a popular destination for leisurely walks and relaxation. The financial grant will aid in the successful organization of the upcoming grand historical event commemorating the Prague Peace Congress from two centuries ago.

The Prague Symphony Orchestra (FOK), known for its diverse program encompassing film, opera, and concert performances, will receive substantial funding to support its artistic endeavors. The orchestra has planned performances featuring internationally renowned soprano Sarah Traubel and pianist Alice Sara Ott. Additionally, FOK hosts chamber music concerts in the Church of St. Simon and St. Jude, as well as programs tailored for children and families.

Studio Ypsilon, under the guidance of Jan Schmid, is a prominent Czech theater that has greatly influenced the development of contemporary Czech theater. Commonly referred to as Ypsilonka, the theater plans to utilize the funds to repair the lighting control system in both theater halls and undertake a comprehensive refurbishment of two productions, one aged 13 and the other 20 years old. The renowned Ypsilon Theater, located in the Palác Olympic early functionalist building on Spálená Street, has been a creative home to many esteemed actors and performers.

The financial support from the city of Prague will contribute significantly to the growth and development of these cultural institutions. It will ensure the continuation of their artistic endeavors, facilitate the preservation of historical heritage, and enhance the cultural experience for both residents and visitors alike.

Article by Prague Forum