Hungary and EU reach agreement

ECONOMY DECEMBER 13. 2022 12:26

Hungary will have access to EU funds, Regional Development Minister Tibor Navracsics announced at an extraordinary press conference he held with Gergely Gulyas, PM Orban’s office chief. The permanent deputies have reached an agreement on the recovery plan, Mr Navracsics said, adding that a deal had to be concluded by 31 December to preserve the cohesion funds.

We have achieved all the goals we set out for ourselves in June,” he said.

2,300 billion forints (5.8 billion euros) will be released under the Recovery Fund, Mr Navracsics underlined. Out of this, 70 per cent shall be used for renewable energy and 30 per cent for the digital switchover. A sum of 14.000 billion forints (some 33 billion euros) will become available in the framework of operational programmes, out of which 4000 billion forints (9.5 billion euros) have been approved by the Commission, he said. He added that a further 9-10 thousand billion forints (22-24 billion euros) are available under the other operational programmes.

„Our negotiating strategy has been clear from the outset,” Hungary’s regional development minister has said.

Responding to a question by Hungarian daily Magyar Nemzet, Mr Navracsics said he trusted that no new requirements will be set. Having the documents signed means that the government’s efforts are acknowledged, he added. Also answering a question put to him by the daily newspaper, Mr Gulyas underlined that the government’s opinion about the so-called Dollar Left is that the sovereignty of each country must be respected.



eu, Hungary, money