ADVERTISEMENT

Hungary maintains rejection of British EU budget proposal

Interview

Hungary will not change its position on the British proposal for the 2007-20013 European Union budget until it is amended, Prime Minister Ferenc Gyurcsány told his British counterpart Tony Blair at a meeting in Brussels, government spokeswoman Boglár László said on Friday. During their 15-minute meeting on Friday, Gyurcsány said he wanted to see more funds in the 2007-2013 EU budget for Hungary and more flexibility in the regulations on the use of funds, László said. Gyurcsány also demanded an increase in the range of several hundred million euros in funds for Hungary. When queried about the possible sources of extra funds, Gyurcsány told Blair that the EU budget needs to be higher than 1.03% of members' GDP as included in the British proposal, and the current system of British refunds needs to be changed.

ADVERTISEMENT

Hungary Inflation Rate at 21.5% in May Figures

Hungary Inflation Rate at 21.5% in May

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Industrial Production Declines in April Manufacturing

Industrial Production Declines in April

Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov... History

Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...

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.