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Unable to co-finance, grant winners return HUF 5.6 bln in EU funding

Grant winners have returned about HUF 5.6 billion in European Union funding in northern Hungary because they were unable to come up with the co-financing for their investments, chairman of the North Hungary Regional Development Council Zsolt Becso said at a press conference.

Funding was returned for business, tourism and other investments, Becso said. The only area in which funding was not returned was public transportation, he added.

About 11% of funding allocated for EU-supported developments in Nógrád county was recalled, he said. (MTI – Econews)