Hungary second biggest CEE spender

MNB

Hungary took advantage of the second largest amount, €3.9 billion ($5.49 billion) out of Central Eastern European members from EU support in 2004 to 2006, according to the evaluation published by the European Commission yesterday.

Poland, the first on the list received €12.1 billion ($17 billion), the Czech Republic €3.2 billion ($4.5 billion), Lithuania €2 billion ($2.81 billion), Slovakia €1.7 billion ($2.39 billion). Assets spent on competition, economic growth, and employment increased by 70% in the European budget in the course of seven years. Total expenditure was €106.6 billion ($150 billion), and 37% of this was spent on creating equality amongst member states. Nearly 12% went to the 10 new member states joining the Union in 2004. Biggest payers included Germany, France, Italy, and the UK with 20.1%, 17.6%, 13.7%, and 11.3%, respectively. Countries benefiting most from 2000 to 2006 included Spain nearly €100 billion, France €89.9 billion, Germany €79.1 billion, and Italy €70.2 billion. (Gazdasági Rádió)

ADVERTISEMENT

KSH Dismisses Reports of Eurostat 'Investigation' Figures

KSH Dismisses Reports of Eurostat 'Investigation'

Hungarian-American Business Chamber Established in Chicago Int’l Relations

Hungarian-American Business Chamber Established in Chicago

Number of Registered Jobseekers Down 3% in November HR

Number of Registered Jobseekers Down 3% in November

Number of Guest Nights up 5.1%  Tourism

Number of Guest Nights up 5.1% 

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.