The European Commission has adopted on 13 February two investment programmes for Hungary that aim to optimise the growth and job creation potential of Hungary’s cities and urban areas.
The ‘Territorial and Settlement Development Operational Programme (OP)’ will see EUR 3.97 billion invested across Hungary – outside the capital city region, with over 85% of the funding coming from the EU. More than EUR 1bn is dedicated to sustainable development in cities – including greener economy and public transport, improved urban environment and public services and measures to combat poverty and for inclusion of marginalised communities.
The ‘Competitive Central Hungary Operational Programme (OP)’ worth some EUR 927 million – when national match-funding is added to the EUR 464m from the European Regional Development Fund and the European Social Fund, will aid the balanced economic development of the region. Reducing socio-economic disparities will be a main focus for investments, as well as enhancing research capacity, SME competitiveness and energy efficiency – all with a view to creating jobs, and regenerating disadvantaged urban areas.
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