Last year, the central EU budget had 1% surplus totaling just over €1 billion, which compares with €15 billion five years ago. Refunds are distributed in proportion to each country’s contribution to the central budget on the basis of their GDP. The largest amount of 2005 refunds will go to Germany, which is to receive €496 million, while Malta benefits only €1 million. In line with the EU’s internal rules, refunds are debited to member countries’ individual accounts and deducted from their mandatory contribution for the next year, rather than transferred back to their national treasuries.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
