EC adopts EUR 4 bln infrastructure support for 10 member states


The EU Cohesion Policy, with the stated aim of improving the economic wellbeing of regions in the union while avoiding regional disparities, will invest EUR 4 billion of EU funds in 25 large infrastructure projects in ten member states.

The investment package involves Bulgaria, the Czech Republic, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania, according to the website of the European Commission,

The projects cover a wide range of areas, including health, transport, research, environment and energy. With national co-financing, the total investment in these projects amounts to EUR 8 bln, information posted on the website reads.

In Hungary, EUR 105.5 million will be provided for upgrades on the southern section of the Budapest M0 ring road, with reconstructed roads, bridges and new cycle paths. The project will shorten travel times and improve road safety for some 90,000 vehicles circulating daily in the area. Furthermore, the project is also expected to reduce congestion by diverting traffic away from the city center.

Other financed projects include providing more secure and affordable energy in Bulgaria; smoother road and rail connections on the Trans-European Transport Network in the Czech Republic; improved healthcare and greater connectivity in Poland; and in Romania, smoother transport in Bucharest, as well as environmental protection and water management projects.


Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality


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.