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Hungary 2014-2020: EC approves the first draft of Hungary's Partnership Agreement

According to a press release issued by the Hungarian Ministry for Economy on 9 July 2013, the European Commission approved the first draft of Hungary's Partnership Agreement for the period 2014-2020. Hungary plans to spend around 60% of its allocated resources on economic development.

'The largest amount, an expected 1,200 billion forints (4bn EUR), will be spent on boosting employment', twice as much as in the current generation of programmes (2007-2013). Further 1,100 billion forints will be spent on improving the competitiveness of SMEs. Hungarian authorities plan to submit the Partnership Agreement to the European Commission in November 2013. The Partnership Agreement and the operational programmes are expected to be approved in the first quarter of 2014.

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