Economic investments in focus for 2014-2020 funding period, says Lazar

Budapest (MTI) – Hungary’s main aim in the 2014-2020 European Union financial period is to return its economy onto a steady growth path, government office chief Janos Lazar said at a meeting at the Chamber of Commerce and Industry.

The government will consult economic players in future before publishing calls for tenders, Lazar said. Funding must be available “cheaper, faster and simpler” in the 2014-2020 period, he said, adding that a lot of red tape must be cut to achieve this, including changing construction rules, tax and public administration regulations. He said permanent monitoring and feedback were also necessary.

He said the government had already published bid invitations for 1,000 billion forints worth of EU funds in the 2014-2020 cycle and another 1,000 billion forints will soon be up for bidding, too. The government will make it possible for companies to receive 50 percent of grants and loans upfront and will also ease the rules on guarantees and collateral.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters