ADVERTISEMENT

Public sector EU co-funding at risk as 962 projects delayed

Telco

Some 962 projects co-financed by the European Union, the Hungarian government and local municipalities are at risk of losing EU money due to delays in development, Hungarian business news portal Világgazdaság reported this morning.

Institutions that currently have projects with significan delays include Klebelsberg Intézményfenntartó Központ, Nemzeti Infrastruktúra Fejlesztő Zrt. and BKK (Center for Budapest Transport).

Given that the deadline to submit invoices for the 2007-2013 EU budget period is in December, the delay could cause a partial loss of the HUF 800 bln in EU funding already under contract, the report added.

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.