from the new mood. In 1993, after the Velvet Divorce, Prague became the capital city of the new Czech Republic. From 1995 high-rise buildings began to be built in Prague in large quantities. In the late 1990s, Prague again became an important cultural center of Europe and was notably influenced by globalisation. In 2000, the IMF and World Bank summits took place in Prague and anti-globalization riots took place here. In 2002, Prague suffered from widespread floods that damaged buildings and its underground transport system. Prague launched a bid for the 2016 Summer Olympics, but failed to make the candidate city shortlist. In June 2009, as the result of financial pressures from the global recession, Prague's officials chose to cancel the city's planned bid for the 2020 Summer Olympics. Geography Prague is situated on the Vltava river. The Berounka flows into the Vltava in the suburbs of Lahovice. There are 99 watercourses in Prague with a total length of . The longest streams are Rokytka and Botič. There are 3 reservoirs, 37 ponds, and 34 retention reservoirs and dry polders in the city. The largest pond is Velký Počernický with . The largest body of water is Hostivař Reservoir with . In terms of geomorphological division, most of Prague is located in the Prague Plateau. In the south the city's territory extends into the Hořovice Uplands, in the north it extends into the Central Elbe Table lowland. The highest point is the top of the hill Teleček on the western border of Prague, at above sea level. Notable hills in the centre of Prague are Petřín with and Vítkov with . The lowest point is the Vltava in Suchdol at the place where it leaves the city, at . Prague is located approximately at . Prague is approximately at the same latitude as Frankfurt, Germany; Paris, France; and Vancouver, Canada. The northernmost point is at , the southernmost point is at , the westernmost point is at , and the easternmost point is at . Climate Prague has an oceanic climate (Köppen: Cfb) with humid continental (Dfb) influences, defined as such by the isotherm. The winters are relatively cold with average temperatures at about freezing point, and with very little sunshine. Snow cover can be common between mid-November and late March although snow accumulations of more than are infrequent. There are also a few periods of mild temperatures in winter.