EC's GDP growth forecast for Hungary this year remains unchanged at 2.4%
The EC said Hungary’s economy is set to recover gradually in 2024-2025, supported by decreasing inflation and interest rates over the forecast horizon.
The EC said Hungary’s economy is set to recover gradually in 2024-2025, supported by decreasing inflation and interest rates over the forecast horizon.
Hungary has two months to reply to the letter of formal notice. Should it not address the issues listed in the letter, the EC may step up the procedure by...
Gábor Zupkó has extensive diplomatic and management experience gained from senior positions at the Commission and in Hungarian diplomacy over the past 25 years.
Finance Minister Mihály Varga said the projected 2.4% growth for Hungary is well above the EU average of 1.3%.
The funds will kick-start the implementation of key investments and reforms outlined in each chapter of the REPowerEU scheme.
The European Commission said Hungary may start claiming reimbursements of up to around 10.2 billion euros in cohesion funding as it has adopted reforms related to judicial independence.
The working dinner in Berlin was also attended by German Chancellor Olaf Scholz as well as the heads of state and government of Austria, Belgium, Cyprus, Greece and Lithuania.
“We believe that member states’ budgets need to be determined on the basis of national interests, by the governments elected by the people instead of the European Commission making individual deals or applying other preferences,” Minister Varga said.
The European Commission still owes an answer on the whereabouts of the monies yet unpaid in reconstruction and development funding to member states.
Minister Varga said the Hungarian EU presidency in 2024 would put issues around demography on its agenda, and convince the EC that those issues could be resolved “through family policies promoting childbirth rather than through immigration”.
The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission in March, to support measures in sectors which are key to accelerating the green transition and reducing fuel dependencies.
Tamás Deutsch said that it should be clarified how much money the EU has provided to support the Ukrainians since the outbreak of the war for arms deliveries, loans and subsidies among others.
The EU has called for contributions because earlier support for war-torn Ukraine had left its budget tens of billions of euros in the red.