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Hungary: “EU funds to be spent on economic development”

Published: February 2, 2013; 13:20 · (Vindobona)

In the 2014-2020 fiscal period of the European Union, Hungary will allocate the 60 percent of EU resources to stimulating growth and the development of the economy,

Hungary: “EU funds to be spent on economic development” / Picture: © Flickr

This was announced by the Government of Hungary. In the fiscal period ending in 2013 only the 16 percent of EU funds were utilized for this goal, said Minister of State at the Ministry for National Economy Zoltán Cséfalvay at a Budapest conference organized by the Hungarian Economic Association on Thursday.

Zoltán Cséfalvay said, the Government intends to spend the remaining…

This article includes a total of 484 words.

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