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27/07/2016

EU unfreezes regional aid funding for Hungary

Regional Policy

EU unfreezes regional aid funding for Hungary

Hungary won access today (9 September) to €2 billion in frozen EU development funds after convincing Brussels its management of projects met European standards.

Johannes Hahn, the EU's head of regional policy, told the Hungarian prime minister's chief of staff János Lázár he was satisfied Budapest was correcting the errors in Hungary's management that prompted Brussels to suspend aid in January – in part over how project engineers were being chosen.