Tibor Navracsics, the regional development minister, said the Hungarian government's goals set in June have been fulfilled.
The announcement came after EU ambassadors on Monday sent a proposal to the European Council to approve Hungary's recovery plan and unblock its recovery funding. Navracsics said that the goal was to strike a deal with the European Commission on cohesion funding by Dec. 31 to ensure that Hungary does not lose any of these monies, adding that an agreement was reached. Navracsics said he trusted that the partnership agreements on the recovery fund and the operative programmes would be signed within days. Under the arrangements of the RRF, access to some 5.8 billion euros will be available to Hungary, he said, while by the end of 2027, some 14,000 billion forints can be accessed, including for operative programmes with Hungarian co-financing. Monies involved in the RRF will be spent on programmes that help achieve climate and energy policy goals and enable the development of digital infrastructure and public services and support companies’ digital transition, he said. Concerning the monies available under the arrangements of the operative programmes, more than 4,000 billion forints have already been approved for agricultural and rural development so 9,000-10,000 billion forints will be left for other areas, he added.