ADVERTISEMENT

Report: EC suspends payment of education funds to Hungary

History

The European Commission said that it would block the transfer of approximately HUF 40 billion in EU grants for the upgrading of educational facilities in Hungary, according to a report published by online portal index.hu on Wednesday.

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.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.