ADVERTISEMENT

Govʼt working on next cycle of EU funding allocations

Initiatives

Hungaryʼs government has started creating new and improved resource allocation mechanisms for the 2021-2027 European Union funding cycle, state news wire MTI reported, citing a resolution published in the official gazette Magyar Közlöny.

The government acknowledges in the resolution the necessity of a review of resource allocation mechanisms and the creation of new mechanisms for the 2021-2027 funding cycle. It also agrees on the need to use simplified accounting methods with the aim of reducing the administrative burden.

It instructs the Minister for Innovation and Technology to produce a recommendation on the creation of a system of preferential loans and credit guarantees, taking into account international best practices and working with other ministers in the government responsible for the allocation of EU funding.

It also calls on the ministers in charge of allocating the EU funding to gauge interest in such preferential loans and credit guarantees and to start outlining tenders and projects for the 2021-2027 period based on those results.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

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.