ADVERTISEMENT

Official: EU could continue funding if issues are solved

EU

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

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.