Tibor Navracsics – Photo: Facebook

Regional development minister: Hungary used 86 percent of EU resources in 2014-2020

Hungary called down and used 86 percent of European Union resources in the 2014-2020 financial cycle, an outstanding performance among EU member states, the regional development minister said on Monday.

Tibor Navracsics inaugurated an industrial facility in Fehergyarmat, in northeast Hungary, built with a 1.09 billion forint (EUR 2.9m)) government grant. The facility consists of a production and warehouse unit and an office and social area building.

At the inauguration, Navracsics said that Hungary’s excellent use of EU funds promises good projects in the country, besides being an indicator of “excellent and well-founded” Hungarian plans submitted to EU decision-makers. National and EU funds have both supported projects in the region, he added.

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