Monday, August 1, 2005, 11:54
Since 2000, the ISPA-program has represented Euro 88 million in subsidies to Hungary from the EU each year, business daily Napi Gazdaság reported. The usage of the funds available has been delayed, due to the delay of up to two years in the realization of the projects. According to information from the National Audit Office (ÁSz) only one quarter of the subsidies had been transferred to their owner by December 31 last. The European Commission did not allow much time for the member states to prepare, since starting from 2000, Hungary had to develop both its tendering skills and its regulations simultaneously.