Government approves HUF 40 bln for second phase of superlaser project

Telco

The government has approved a HUF 40 bln investment for the second phase of the construction of a superlaser center in Szeged, southeastern Hungary, according to a decree published in the newest issue of the official gazette Magyar Közlöny. The investment will be fully funded by the EU, and is now designated a "major project" according to funding rules. 

The budget of the first phase of the project was previously set at HUF 37 bln and has now been lowered to HUF 29.5 bln. The government decided the superlaser centre operator ELI-HU will receive HUF 163m of funding in 2015, HUF 335 mln in 2016, HUF 423 mln in 2017 and HUF 263 mln in 2018

Hungary, the Czech Republic and Romania won a joint bid for the European Unionʼs Extreme Light Infrastructure (ELI) project in October 2009. The University of Szeged is hosting the project in Hungary.

More Companies Take Action Against Corruption Analysis

More Companies Take Action Against Corruption

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.