The impact of the implementation of European regional policy to the importance and competences of regions in Czech Republic

The regions in Czech Republic were created on the base of the administrative regionalism. Their main and principle role was to distribute the finances from Structural Funds to the individual projects in the territory within limited other competences and mainly financial resources. The contribution presents the main objectives and results of the decentralization of some competences of the regional policy to the regional level in Czech Republic. Paper shows also the main strong points and weaknesses of the actual legislative and administrative framework of the realization of regional policy at regional level from the point of view of its effectiveness. Analyze of the change of the legislative, economic and mainly political power of the regions in the framework of the implementation of regional policy makes a very important part of the contribution.