ADVERTISEMENT

Hungary to Address Future of Cohesion Policy During EU Presidency

EU

Image by Alexandros Michailidis / Shutterstock.com

The debate over the future of the European Union's cohesion policy will be one of the most important topics addressed when Hungary takes the revolving presidency of the Council of the EU in the second half of the year, Public Administration and Regional Development Minister Tibor Navracsics said at an event organized by the Ludovika University of Public Service on Thursday, according to a report by state news wire MTI.

Hungary will host an informal meeting on the future of cohesion policy in September and a formal one in November or December, Navracsics said. In Hungary's view, cohesion policy is one of the EU's biggest successes, he added.

While member states have caught up thanks to the EU's cohesion policy, regional disparities within member states have grown in some cases, he said.

Since Hungary's EU accession in 2004, GDP per capita in Budapest has climbed from 129% to 158% of the EU average, while the comparable rates in other parts of the country have advanced at a slower pace: from 42% to 50% in the Northern Great Plains region, from 44% to 52% in Southern Transdanubia, and from 66% to 68% in Western Transdanubia, he added.

Hungarians Aware of Reasons Behind Power Outages, Expect Rap... Power

Hungarians Aware of Reasons Behind Power Outages, Expect Rap...

Hungary Opposes EC Proposal to Raise Tariffs on Chinese EVs Int’l Relations

Hungary Opposes EC Proposal to Raise Tariffs on Chinese EVs

Employees More Worried About Jobs HR

Employees More Worried About Jobs

CEETRA Celebrates Regional Brands in Budapest Tourism

CEETRA Celebrates Regional Brands in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.