Hungary to get HUF 7,080 billion in EU funding in 2014-2020

Telco

Hungary will be the recipient of HUF 7,080 billion in European Union funding in the 2014-2020 budget period, Prime Minister Viktor Orbán said at the start of Parliament's spring session on Monday.

Orbán called a summit of EU leaders held in the previous week to discuss the 2013-2020 budget, a "success". "We achieved everything possible," he said. Funding for Hungary during the period comes to HUF 712,000 per capita, up from 660,000 in the 2007-2013 budget period, Orbán said. Hungary's net position in terms of EU funding is better for the 2014-2020 period than in 2007-2013, he added.
He said agreements reached at the summit in Brussels to scrap plans reducing the EU-funded proportion of projects from 85% to 75% as well as to allow the calculation of VAT as a project cost would generate HUF 210 billion in fiscal savings a year.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.