The European Commission may scrap 10 billion forints (37.5m euros) in cohesion funds for Hungary saying that the funds had been applied for on the basis of an illicit claim, the business daily Napi Gazdasag reported on Tuesday.
Hungary’s authorities have included VAT among refundable expenses of the construction of Motorway 43, which is against EU regulations, the paper said.
Though the EC has focused on a sole case, similar Hungarian projects are estimated to amount to several hundred billion forints, the paper said.
The All Hungary Media Group is firmly committed to freedom of expression and therefore applies a mostly "hands off" approach to comment moderation. Comments left by readers represent their own views and do not necessarily reflect the opinions or beliefs of the staff, editors or owner of the All Hungary Media Group, who nonetheless reserve the right to remove comments that are off-topic or which moderators consider to constitute "hate speech." Also note that in order to prevent spam we generally close entries off to comments several days after publication.