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Competitiveness of Hungarian Regions Fails to Improve Despite Immense EU Funds

2019. október 11.

Portfolio.hu

Although Hungary’s six least-developed regions and Central Hungary received thousands of billions of forints in EU funding over the last few years, their relative competitiveness did not improve meaningfully either between 2016 and 2019 or between 2010 and 2019, according to the European Regional Competitiveness Index published by the European Commission on Thursday. This is an overall forlorn achievement, but there is hope that things will turn around in the 2021-2027 programming period, because subsidies will be focused even more on underdeveloped regions. And the European Commission will expect Hungarian authorities to come up with a development strategy that manages problems in a more thought-out and more targeted way. Informal consultations on how to establish the parameters have already started between the two parties behind closed doors. Full article

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