Institutions of the European Union (ECB) is the central bank for the eurozone (the states which have adopted the euro) and thus controls monetary policy in that area with an agenda to maintain price stability. It is at the centre of the European System of Central Banks which comprises all EU national banks. The bank is governed by a board of national bank governors and a President. The ECB is located in Frankfurt. The current president is Mario Draghi. The "European Court of Auditors" (ECA), despite its name, has no judicial powers. It ensures that taxpayer funds from the budget of the European Union have
Central European Institute of Technology Currently, CEITEC has four holders of the ERC grant. It also focuses on the acquisition of international institutional projects (especially H2020), which help to increase the competitiveness of both scientists and the institute itself. The source of funding for the Center of Scientific Excellence CEITEC is the European Regional Development Fund, which is drawn from the Operational Program Research and Development for Innovation, Priority Axis 1 - European Centers of Excellence. The total budget of the CEITEC project amounts to 5.24 billion CZK. Central European Institute of Technology CEITEC (the Central European Institute of Technology) is the European Research Center