The 7th European Summit of Regions and Cities, organized by the European Committee of the Regions, was held in Bratislava on the second weekend of July 2016. At this event, one of the most hotly debated topics was the efficiency of the absorption of EU funds in member states. With regard to the previous programming period, the Hungarian Government has managed to fully utilize available grants, and achieve the highest contracting ratio, more than 100 percent, the auditor KPMG’s latest progress report on the management of EU cohesion funds in Central and Eastern Europe concludes. Hungary is well positioned to reach a high contracting ratio and realize a timely payment schedule in the period 2014-2020 as well.

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(Ministry for National Economy)