New European Bauhaus: Hungarian project receives EU prize

The European Commission said on Monday that Hungary’s Cooperative Ownership for Communities project has been selected to receive one of this year’s prizes under the European Union’s New European Bauhaus initiative.

The initiative’s Rising Stars prize has gone to the project for its development concept, which aims to create a multi-functional cooperative space from a brownfield site in Budapest.

According to the EC’s statement, the prizes are recognized for “exceptional projects contributing to a more sustainable, inclusive and beautiful future”.

The statement said 19 other projects have received this year’s prizes, selected from 49 finalists. The honours are worth up to 30,000 euros each.

The statement said that since the initiative was launched in 2020, it has helped some 500 targeted projects in EU members in the areas of research and innovation, cohesion, regional and urban development, training, and culture.

Information on the Hungarian application can be found here.

You can re-watch the Awards Ceremony by clicking here.

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