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MAPI releases study on EU grant utilization

The MAPI tender consultancy has released a 400-page study detailing the issues of utilizing support grants in Hungary along with a set of proposals hoped to improve the situation.

For the 2007-2013 EU budgetary period, Hungary has an earmark of HUF 8,000 billion for various developments. According to MAPI, some HUF 7,000 billion of the amounts has not yet been called by Hungary and given the current state of the grant system, there is a high possibility that a significant portion will never go to upgrading businesses.

In drafting the survey, MAPI said it collected information and recommendations from nearly 100 independent consultancies while it also interviewed the executives of 200 companies in 10 regional centers regarding their experiences with EU funds. (press release)