Hungary close to using up all 2007-2013 EU funding
Hungary has used up almost 100% of the more than HUF 9 trillion in European Union funds allocated for the 2007-2013 funding period, state secretary Nándor Csepreghy said in an interview with state-owned all-news channel M1 late yesterday. He added that this represents an excellent rate of funds use.
(Photo: Jessica Fejos)
Disputes are ongoing over just a few hundred billion forints of the funding, for projects such as road construction and hospital development, Csepreghy said on news channel M1. These issues may still be resolved, then Hungary could become the only member state to exhaust all available funding for the period, he added.
Hungary has until the end of this year to use up the funding from the 2007-2013 cycle.
Csepreghy said the Prime Ministerʼs Office would discuss the most important lessons of the last funding cycle in the coming months. In the 2014-2020 funding period, EU monies will be targeted only at projects that create jobs or contribute to economic growth, he added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.