April 19th, 2017

Portfolio.hu: Tender software could cost Hungary HUF 18 billion in EU funding

The European Commission has found severe irregularities in three contracts for IT systems to distribute and register EU funding in the 2007-2013 budget period and could revoke 100% of the combined HUF 18 bn paid for the systems, 24.hu reported citing a letter from the EC. Should Hungary fail to challenge the decision, the government would have to demand repayments from a software developer it owns. According to the report, the amount would be hard to regroup to other projects, so the funding could be returned to Brussels.

Source: Tender software could cost Hungary HUF 18 bn in EU funding

Follow Politics.hu on twitter at @politicshu.
Please note that due to a large volume of trolling and false abuse flags, we are currently only accepting comments from logged-in users.

Comments are closed.

All content © 2004-2015 The All Hungary Media Group. Articles, comments and other information on the All Hungary Media Group's network of sites are provided "as is" without guarantees, warranties, or representations of any kind, and the opinions and views expressed in such articles and columns are not necessarily those of the All Hungary Media Group.