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Facts & Statistics

Hungary can avoid losing EU funds

An agreement with the European Commission could be reached around October-November.

The European Commission is interested in Hungary receiving EU funds and concluding negotiations this year, but to do so the Hungarian government will have to make concessions to ensure transparency in public procurement, President of the Hungarians in the Market Club Zsombor Essősy told a local newspaper.

EU budget commissioner Johannes Hahn, who has previously been quite critical of the Hungarian government, has recently spoken positively about the progress of the negotiations. 

According to domestic press reports, the committee will decide on Sunday whether to proceed with the rule of law procedure. While the EU body will propose financial sanctions against Hungary, it will present its proposal to the Council of Finance Ministers with the comment that the Council should give the Hungarian government time to implement its promises. 

The Hungarian cabinet, for its part, wants to avoid any loss of resources. 

Essősy believes that an agreement could be reached around October-November, with the first money coming in next spring or summer at the earliest. 

Source
www.vg.hu
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