The changes to the contracts and the European Union’s approval will make it possible for the plant’s new blocks to begin operating by the very beginning of the next decade.
The EC forecasted Hungary’s annual GDP growth to slow down from 4.6% in 2022 to 0.5% in 2023, and then pick up to 2.8% in 2024.
The measures, which entered into force on May 2 and will last until June 5, 2023, aim to alleviate logistical bottlenecks concerning these products in Bulgaria, Hungary, Poland, Romania and...
Had Hungary received the monies it is entitled to, its economy would have grown by more than 5% last year, Minister Varga said.
The public debt-to-GDP ratio is expected to fall to 63.9% by 2025, the finance ministry said.
Brussels had given in to pressure from the five member states of Hungary, Poland, Slovakia, Bulgaria and Romania, and recognized the severity of a market crisis that developed in the region.
“We have delivered on our commitments. Even in the face of the biggest local and international headwinds,” Minister Varga said.
Minister Varga said in Brussels on Monday that European Commissioner for Justice Didier Reynders has confirmed that the technical negotiations are concluded and only the approval of the European College of Commissioners is needed.
Minister Nagy briefed Mykola Solskyi, Ukraine’s Minister for Agrarian Policy and Food, on his talks with European Commission representatives on Hungary’s decision to temporarily ban Ukrainian agricultural products.
The justice minister said Hungary is “very close” to an agreement with the European Commission as regards the justice package among others, and there are no unresolved “political issues”.
Under the Hungarian scheme, the higher gas and electricity costs of businesses are partially supported in the form of loans and guarantees.
The majority of honest left-wing voters do not think that election campaigns in Hungary should be run on American money, Gergely Gulyás said.