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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)

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