Official: EU could continue funding if issues are solved
Despite reports of concerns in the European Commission about corruption, Jyrki Katainen of Finland, the ECʼs Vice-President for Jobs, Growth, Investment and Competitiveness, said in Budapest today that he believes EU funding for Hungarian tenders is being suspended for “technical issues”, according to Hungarian online daily index.hu.
Online daily hvg.hu reported late yesterday that European funding for construction on a stretch of the M4 highway was blocked because the European Commission found overpricing in the tenders.
The Hungarian government said earlier that the funding was suspended due to a "technical" matter, which is why it cancelled its contract with the EU following a cabinet meeting yesterday.
ADVERTISEMENT
Drought-hit Farmers Get Compensation
Parliament Negates Mandatory Membership in MOK
Wizz Air Adds More Flights to Summer Timetable
Service Restarted on Full Length of Metro Line M3
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.
