Speaking on Kossuth Rádió yesterday, Nándor Csepreghy, deputy state secretary in charge of development, stated that there was a “99.9% chance” that funding would be restored to 13 EU-funded operative programs after the meeting. Csepreghy figures a penalty of “5% to 10% of HUF 500-600 billion” would be assessed, thus equal to anywhere between HUF 25 billion and HUF 125 billion.
In August, the EU ceased funding to Hungary due to irregularities in reportage, a decision that could cost the country up to €2.02 billion in capital.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
