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Hungary allocates more than half of EU funding available in 2007-2013

Hungary has allocated more than half of the €25 billion available to the country from the European Social Fund, the Cohesion Fund and structural funds between 2007 and 2013, and more than 20% of this has been disbursed, EU Regional Policy Commissioner Johannes Hahn told MTI.

The corresponds with the European Union average, Hahn said.

The EU commissioner said there has been close to €350 billion available for regional policy objectives in the current 2007-2013 budget period.

Speaking with regard to the Danube strategy, Hahn said consultations have officially begun between countries after it was announced on Thursday which member states are responsible for which of the eleven areas, and the strategy could be approved in April. The European Commission will play a coordinating role in the process, however it will be a challenge to implement the strategy as the participating states are at different levels of development.

Hahn emphasized that in the case of the Danube strategy the utilization of the funds will be efficient if the measures take place simultaneously, citing as an example the issue of the improvement of water quality.

National Development Minister Tamás Fellegi met with EU commissioner Johannes Hahn on Thursday to discuss details of Hungary's achievements in the application of cohesion policy and to present the measures taken in order to accelerate the disbursement of EU funding and simplify policy implementation, the National Development Ministry said. (MTI – Econews)