Posted by: Jouwert Dijkstra Posted on: Thursday 14 January 2010, 15:46

About HUF 736 billion has been paid out under the New Hungary Development Plan, the framework for European Union development funding in the 2007-2013 budget period, national development and economy minister István Varga said on Friday. So far, about 38,000 applications have been submitted for funding under the plan. Of these, some 17,300 have won a combined HUF 3,400 billion in grant money, Varga said. Payments under the plan have sped up, with amounts rising from HUF 30 billion in March 2009 to HUF 70 billion in October and HUF 100 billion in December, he added.

Hungary has submitted 24 big EU-supported projects to Brussels for approval, the second-highest number after Poland. Sixteen of the projects have be given the go-ahead. (MTI-ECONEWS)

Source: Budapest Business Journal