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Debrecen, Oradea sign support contract for €4 mln of business development investments

The Hungarian city of Debrecen and Oradea, in Romania, signed an agreement on European Union funding for €4 million in investments to support business developments.

The EU funding will cover 90% of the cost of the projects: a €3 million building for the Hajdú-Bihar county chamber of commerce and industry in Debrecen and a €1 million local council-run business development centre in a renovated section of the Oradea castle. The chamber's new home in Debrecen is expected to be completed by the autumn of 2012.