The payment of EU funds significantly accelerated in Hungary

87 percent (21.7 billion euros) of the EU support funds of the 2007-2013 cycle were distributed to the beneficiaries in Hungary by the end of 2014, which represents a 25 percentage point increase over the previous year's payout ratio of 62 percent and it is higher than the regional average – according to the EU Funds in Central and Eastern Europe annual report of the KPMG.

With this result, Hungary is also among the leaders in the region, far exceeding the 77 percent average. Only Lithuania was able to draw EU funds in a higher proportion. The KPMG is examining the the pace of drawdown of EU funds in 11 countries of the Central and Eastern European region for eight years. (MTI)