EC suspends some funding for Hungary over dispute

Analysis

The European Commission has suspended HUF 700 bln in Hungary始s European Union funding after it found fault with the selection process during the 2007-2013 budget cycle, deputy state secretary Nandor Csepreghy said at a press conference yesterday.聽

Hungary始s dispute with the EC on the matter is of a "technical" nature, Csepreghy said, adding that the cabinet is weighing possible solutions.聽The correction the EC prescribes for such cases is usually under 10% of total funding, which translates as "a couple HUF 10 bln", Csepreghy said.

This amount may not be used for the original program, but may be used for other development goals, he explained.聽No developments must be halted because of the EC decision, he said. Csepreghy noted that the former Socialist government始s selection process had been used during the period in question.

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