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Hungary utilizes Schengen funds well

A total of 99.8% of the €150 million available has been allocated for 220 development projects between May 2004 and December 2006.

Hungary has almost fully utilized the €150 million available through the Schengen fund to help new countries join the Schengen agreement, a summary report by the National Development Agency published on Sunday indicated. Hungary was offered the second largest sum among countries eligible to receive financing from the Schengen fund.

A total of 99.8% of the €150 million or nearly Ft40 billion available has been allocated for 220 development projects between May 1, 2004 and December 31, 2006, the report said. Development projects include the implementation of the second-generation Schengen Information System, training for border guards and police and development in information technology, data transmission and infrastructure. (Bg)