Financial problems of the cultural projects in South Transdanubia

Abstract

Accession to the European Union has created numerous opportunities for economic operators, including local governments, to carry out development plans they had been deferring for lack of funds. The seven years since Hungary's accession in 2004 is a large enough period from which to draw conclusions on the use and usability of the Structural Fund’s resources. A new study has published the finding that EU resources do not reduce and may even increase the differences between villages and regions. In the present study we examine the financial problems of cultural projects implemented by local government between 2004 and 2006 in South Transdanubia. Keywords: cultural projects, EU, financing