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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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Member States' forecasting errors in 2012 - Structural and Cohesion Funds

In line with EU Regulations, every year by 30 April, national authorities submit their forecast of requests for payments for the current and the following year, broken down by programme and Fund. The last column represents the relative forecasting error, which according to the source is 'the forecasting error by a Member State for a given year measured in percentage of the actual payment claims submitted by that Member State during the same year'.

According to the official report, in 2012 Member States overestimated their payment claims by 15% (20% in 2011). Denmark had the highest rate of overestimation, followed by Romania and Cyprus.

The report also notes that 'Germany overestimated its payments by 26%. As its payment claims represent 7.8% of the total claims, this forecast error also had a substantial influence on the overall average. Hungary and Italy had a relatively limited overestimation of 16% and 15% respectively but as their payment claims represent 5.8% and 6.9% of the total value, these forecast errors had a relevant influence on the overall average'.

Poland, Spain, Finland and Austria had the lowest estimation errors. Only four countries underestimated their payment requests (Austria, Sweden, Portugal and Luxembourg).

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Cumulative execution of advance and interim payments at the end of 2012- EU-27

NOTES:

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Irregularities reported as fraudulent in 2012- Structural and Cohesion Funds

Note: The number of irregularities reported as fraudulent measures the results of efforts by Member States to counter fraud and other illegal activities affecting financial interests and shouldn't be interpreted as the level of fraud

Read more on how Member States deal with irregularities and on the protection of EU financial interests and the fight against fraud

Source: European Commission

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Cohesion policy and national co-financing as % of total public investment (average 2010-2012)

Graph from the report EU Cohesion Policy contributing to employment and growth in Europe Source: European Commission

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