EU funds suspended due to overwhelming demand
Hungary's National Development Agency (NFÜ) said it suspended on Tuesday four tenders for European Union funding for energy investments because of overwhelming demand. NFÜ said applications for more than four times the available HUF 50.5 billion in funding were received in the first several hours after the tenders were launched. The tenders are for HUF 34 billion in funding for energy efficiency investments and HUF 16.5.5 billion for renewable energy projects.
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.