ADVERTISEMENT

PM’s Office dismisses EU funds freeze report

History

The Prime Minister’s Office late yesterday dismissed a report by Hungarian online daily porfolio.hu earlier that day which claimed that the European Commission could decide to freeze European Union funding for Hungary after identifying shortfalls in the country’s system for disbursing support. The government body called the allegations a “fiction.”

The management and control system for the Economic Development and Innovation Operational Program, a framework for disbursing EU funds, is under scrutiny, not the system for implementing development policy, the PMʼs Office said, according to Hungarian news agency MTI.  

Hungary expects the management and control system to remain classified in the "2" category following the assessment, the statement issued by the ministry says. Explaining the classification system, the office said that classifications range from 1-4, where one is the best that is “nearly impossible to get,” while four is the worst, indicating inoperability.

The result of the assessment and the classification are expected only in January, MTI reported citing the statement.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.