The newly approved benchmarks show that only five member states (Cyprus, Portugal, Greece, Ireland and Romania) constitute the top support group; all five nations received bailout funds from international lenders, a move the Hungarian government tried desperately to avoid.
Hungary will thus be able to receive 85% of funding from the EU on any given project budget.
A similiar measure was implemented by the EU in 2011. At that time, Hungary was one of six nations to have received a temporary increase in EU co-financing. Of those six nations, Hungary along with Latvia are the only states not to be listed in the top support group for 2014.
In 2012, then-national economy minister György Matolcsy calculated a savings of HUF 55 billion due to increasing the share of EU money in development projects.
– Material by Gergő Rácz was used in this article
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