Profitability of EU subsidy for the forestation plan in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Profitability of EU subsidy for the forestation plan in the Czech Republic

Popis výsledku v původním jazyce

European Union funds represent an important financial source and unique opportunity in many fields of the Czech economy. The aim of this paper is to calculate profitability of a subsidy for the forestation plan. Financial effect could be significantly higher compared to other possibilities, which foresters have. One authentic example of subsidy use for forestation of a property with its costs and incomes was calculated and compared to other possibilities, using the property in a time period of 16 years.It is the time period of the forestation plan. Net present value (NPV) of cash flows from forestation plan was compared with present value from renting the property for the same time and as well as for infinity. Results prove that initial investment forforesting was paid back already in the first year by subsidy and the NPV of forestation plan is more than 111 thousands CZK per 1 ha (4,044 EUR) what is almost 2 times higher, compared to renting this property for market price.

Název v anglickém jazyce

Profitability of EU subsidy for the forestation plan in the Czech Republic

Popis výsledku anglicky

European Union funds represent an important financial source and unique opportunity in many fields of the Czech economy. The aim of this paper is to calculate profitability of a subsidy for the forestation plan. Financial effect could be significantly higher compared to other possibilities, which foresters have. One authentic example of subsidy use for forestation of a property with its costs and incomes was calculated and compared to other possibilities, using the property in a time period of 16 years.It is the time period of the forestation plan. Net present value (NPV) of cash flows from forestation plan was compared with present value from renting the property for the same time and as well as for infinity. Results prove that initial investment forforesting was paid back already in the first year by subsidy and the NPV of forestation plan is more than 111 thousands CZK per 1 ha (4,044 EUR) what is almost 2 times higher, compared to renting this property for market price.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Sborník příspěvků XII. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie

ISBN

978-80-7510-045-0

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

466-474

Název nakladatele

Slezská univerzita

Místo vydání

Karviná

Místo konání akce

Ostravice

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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