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EU funding for urban development

The Central Hungary Regional Development Council has granted 16 communities in Pest countya total of HUF 12 billion (€43.77 million) in EU funding for urban-development projects, council president Pál Steiner told MTI on Thursday.

Steiner said that 24 communities in the county had applied for funding, which will be used primarily for renovation of public spaces, tourists sites and historical buildings.

The EU support can be used to finance a maximum of 85% of the total cost of the approved development projects, Steiner added. (MTI-ECONEWS)