It also depends on Hungary if it will still have EU funds after 2020

Cretu noted that EU funds represent more than half of Hungary’s public investments. She applauded Hungary for putting the focus on supporting enterprises and innovation, with 60% of the funds to be used for directly stimulating economic development.

She stressed the importance of how the available resources are used, i.e. to ensure that the best projects are selected.

“Transparent and competitive selection procedures are fundamental to achieve this. Competition in public procurement is essential as it ensures us high-value added and support for small- and medium-sized enterprises, which are priorities for Hungary," she said.

We must be aware that the future of cohesion policy and the future availability of EU funds will depend on our success of your success on good projects you implement. We must prove that cohesion policy delivers in time according to the rules and certainly with a real impact on the ground.

Click on the video below for the Commissioner’s full video message.