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SMEs should get bigger share of EU money

The proportion of European Union funding available to Hungary that goes to SMEs should be raise from 10% to as high as 40%-50%, National Development Minister Tamás Fellegi said at a conference organized by the conservative weekly Heti Válasz and the Hungarians on the Market Club on Thursday.

State and non-profit organizations are currently the recipients of about 65% of Hungary's EU funding and big companies get 22%, Fellegi said. These proportions ought to be changed significantly, he added.

The National Development Ministry will propose amendments to make public procurement regulations simpler and bring the system in line with EU norms while strengthening patriotism, Fellegi said. (MTI-ECONEWS)