Memorandum of Understanding on Carpathian Region Strategy signed in Krynica

Hungary, Poland, Ukraine and Slovakia have signed a memorandum of understanding on establishing and drafting the Carpathian Region Strategy, Finance Minister Mihály Varga said at the Krynica Economic Forum in Poland on Wednesday.

Two years of work have gone into shaping the strategy which could support progress in the region by developing competitiveness, environmental efficiency, transport and digital infrastructure, and institutional cooperation, Varga said.

The Czech Republic, Romania, Moldova and Serbia will join the initiative later, he added.

It is hoped that goals in the strategy may be achieved by drawing on national, European Union, institutional or private funding, the minister said.

Featured image: MTI/EPA