Hungary so far allocates 70% of EU funding for 2007-2013

EU

The allocation of about 70% of European Union funding available to Hungary during the 2007-2013 budget period has been approved and about 20% has been paid out, Jean-Marie Seyler, who heads the Regional Policy Directorate that includes Hungary, said on Friday.

The allocation rate is good compared to other EU members and the disbursement rate is in line with the average, but Hungary's system of institutions is efficient enough to raise the latter measure, Seyler said.

Seyler was speaking at an annual review of the allocation and payment of the funding available to Hungary in Gödöllő, near Budapest.

About HUF 1,100bn of EU funding has been disbursed since the change of government in the spring of 2010 and more than HUF 600bn has been allocated so far this year, said National Development Agency (NFU) chairman Zoltán Petykó.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.