The EC justified the move by saying that only a small portion of funds transferred to Hungary were in fact used for the purposes outlined in the Hungarian government’s original requests for funding, according to reports.
State Secretary of the Prime Mister’s Office Nándor Csepreghy, told local TV station RTL Klub that he does not anticipate the EC withholding more than a few million forints and that the schools involved in the scandal will be held responsible for covering any losses incurred.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
