The prize fund of FIDE Grand Prix series tournament due in Nalchik, Kabardino Balkaria, from April 14 to 30 is 212 000 euro.

"The major portion of works has been already accomplished," said Marina Dyshekova, deputy chairman of Kabardino Balkarian government.

For his part, the republic's Minister of Sports and Tourism Aslan Afaunov underscored that all participants stand to win the tournament.