State treasury becomes paying agency of farming support
The Hungarian State Treasury has been reported to start managing area-based agricultural as well as regional development support as of January 1, taking over the task from the Agricultural and Regional Office (MVH), according to Hungarian news agency MTI.
MVH is one of several state institution to be abolished as part of a reorganization of state administration. By the end the reorganization the State Treasury will be in charge of all state payments. MHVĘĽs tasks will be performed partly by the State Treasury, partly by regional government offices from January 1, MiklĂłs Zsolt Kis, state secretary of the Prime MinisterĘĽs Office told the news agency on Thursday.
MHV operated as a paying agency of the related EU funding and the State Treasury had to be accredited and has been granted a conditional accreditation by the respective EU authorities on December 27 to take over that task.
The final accreditation is expected to be completed by October 15, 2017, Kis said.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
