Pest County says it will legally separate from Budapest
In a move intended to make Pest County eligible for European Union funding, the general assembly of the county announced today that it would be legally separating from Budapest, Hungarian online daily origo.hu reported.
Although Pest County is less-developed than Budapest, as long as it is considered to be in the same region as the capital, it is too wealthy to qualify for EU funding. The EU is expected to accept the separation, and by 2018 the county can be declared an independent region, origo.hu reported.
Cabinet Chief János Lázár first mentioned the possibility of Pest County and Budapest being separated in October, as the county ranks above the EU average in terms of development due to the capital’s economic performance.
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.