Hungary, Ukraine to Seek EU Funding for Cross-border Road Infrastructure

Ukraine Crisis

Hungary and Ukraine will jointly request European Union funding to upgrade and expand road and border crossing infrastructure, Ministry of Foreign Affairs state secretary Levente Magyar said after a meeting with Ukraine's Deputy Minister for Infrastructure Mustafa Nayyem, according to a report by state news wire MTI.

Magyar said the sides would seek support from Brussels to build a motorway connection, the first between the two countries, construct a bridge over the Tisza, and open and improve border crossings. He added that Hungary is prepared to contribute to work on the Ukrainian side of the border crossing between Nagyhódos and Velyka Palad.

Nayyem acknowledged Hungary's readiness to finance construction on the Ukrainian side and confirmed that the countries would request together EU funding for the projects.

The meeting took place in the Ukrainian settlement of Astei, near the border.

ADVERTISEMENT

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3 Figures

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

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.