Hungary close to using up all 2007-2013 EU funding


jessica fejos

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.


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