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José Manuel Barroso Visits Budapest


Solidarity and responsibility are the basis of development in Europe, without them the union is unimaginable, said José Manual Barroso during his Budapest visit. The outgoing President of the European Commission presented Hungarian Prime Minister with an agreement on EU funding for the country.

According to the agreement Hungary will receive EUR 25.3 billion for the 2014-2020 budget term from the cohesion and agricultural funds. At the ceremony Hungarian PM Viktor Orbán said that 60% of those EU funds would go towards economic development, and the agreement “fully serves Hungary’s interests”. Hungary is a net beneficiary of EU funds, while the partnership agreement between Hungary and the European Commission sets down the strategy for the optimal use of European Structural and Investment Funds throughout the country.

“The EU investments will help tackle unemployment and boost competitiveness and economic growth through support to innovation, training and education in cities, towns and rural areas. They will also promote entrepreneurship, fight social exclusion and help to develop an environmentally friendly and a resource-efficient economy”, the commission said when endorsing the agreement in August.

In the afternoon José Manual Barroso received an honorary doctorate from the Corvinus University of Budapest.

MTI Photo Szilárd Koszticsák