Friday, Mar 4, 2016. 16:42

TI: EU funding for Hungarian projects supports corrupt practices

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The inflated costs of Hungarian projects funded by the European Union and the centralization of organizations receiving these funds give rise to increased corruption, said József Péter Martin, the executive director of Transparency International (TI) Magyarország during a press conference today, according to reports.

Head of TI’s local unit, Gabriella Nagy, added that with the vast sums of money flowing into Hungary from EU coffers, corrupt practices are more prevalent largely because of the speed with which funds tend to be absorbed and the challenges in accurately tracking such spending.

Public procurement and its lack of transparency in Hungary is also a key issue on TIʼs agenda. In a report published by the European Union last week, there appears to be an unfair advantage provided Hungarian firms with close alliances to the government to the extent that competing bids for a given project seldom exist.

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