EU Budget R+D To Double For Hungary
- 8 Sep 2014 9:00 AM
Hungary will have 2.1 billion euros available for R+D projects in EU funding under the 2014-2020 financial framework, twice the amount that was allocated for Hungary for R+D in cohesion funding in the previous seven-year period, Zoltán Cséfalvay, chief negotiator for the Hungary- EU Partnership Agreement, said.
Hungary will have the option to receive non-refundable EU funding to spend on research institutes and the development of international research infrastructure and “centres of excellence,” he said.
Funding will be available under a separate scheme for R+D projects carried out within the framework of cooperation between a university and a company, Cséfalvay added.
He noted that Hungary’s R+D spending increased from 1.17% of GDP in 2010 to 1.44% by 2013, and the aim was for it to reach 1.8% by 2018. The European Commission announced on Aug. 29 that it adopted the Partnership Agreement with Hungary on the strategy for using EU funding.
The agreement sets down “the strategy for the optimal use of European Structural and Investment Funds throughout the country”, paving the way for investing 21.9 billion euros in Cohesion Policy funding over 2014- 2020.
The agreement is expected to be formally signed by Hungarian Prime Minister Viktor Orbán and outgoing EC president José Manuel Barroso in Budapest on Sept. 11.
Source www.hungarymatters.hu
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