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.

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