EU subsidies for Hungary are expected to decrease by a quarter from 2021

Although there is still debate over the final figures, according to the present plans, the European Commission (EC) proposes 17.9 billion euros (approximately 5.76 thousand billion forints) cohesion support for the 2021-2027 for Hungary.

This is about one-quarter less than in the previous cycle – Marc Lemaître, Director-General of the European Commission’s Directorate-General for Regional and Urban Policy (DG REGIO), confirmed at the event of German-Hungarian Chamber of Industry and Commerce in Budapest on Tuesday. (MTI)