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Fidesz MP calls for equitable distribution of EU investment fund

Deals

Not sharp!

Hungary wants the principle of equal opportunity to be enforced when the resources of the European Fund for Strategic Investments are being distributed, deputy chairman of Parliament’s economic committee Erik Bánki, of governing Fidesz, said at a meeting of the body yesterday.

The European Commission decided in January to launch the Fund in order to help implement investments worth €315 bln in European Union member states within three years, primarily by mobilizing private capital.

Hungaryʼs position is that neither individual countries nor sectors should have preference over others in the distribution of the Fundʼs resources, Bánki said. Any geographical or sectoral concentration of the developments or a "dominance of Western European countries" should be avoided, he added.

The government successfully represented its position that the €315 bln should fully consist of new funds and no funding should be transferred here from the cohesion funds, he noted.

Bánki told MTI that the Hungarian government would like to see the new funds spent on infrastructure development, education, health care, research and development, ICT, and, if possible, renewable energy.

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