EC: Hungarian project receives EU prize

The European Commission said on Monday that Hungary’s Cooperative Ownership for Communities project has been selected to receive one of this year’s prizes under the European Union’s New European Bauhaus initiative. The initiative’s Rising Stars prize has gone to the project for its development concept aimed at creating a multi-functional cooperative space from a brownfield site in Budapest. According to the EC’s statement, the prizes are given in recognition of “exceptional projects contributing to a more sustainable, inclusive and beautiful future”. Nineteen other projects have received this year’s prizes, selected from 49 finalists, the statement said, adding that the honours were accompanied by a sum of up to 30,000 euros each.