European Commission to delay accepting Hungary’s recovery plan

Portfolio
Negotiations on Hungary’s recovery plan were nearly closed, but then the European Commission made absurd demands after Hungary adopted its child protection law, the Prime Minister’s Office said in a statement on Monday.
európai bizottság brüsszel eu európai unió

The government acknowledges that the latest attacks by the European Commission

are slowing the acceptance of the plan, which was created earlier through professional coordination.

“We trust that the recovery plan, which serves Hungary’s competitiveness and the restarting of its economy, will be evaluated on a professional, not on a political, basis,” the Prime Minister’s Office added. According to the statement, there is nothing wrong with the Hungarian plans and there is no genuine reason for any European Union organisation to reject the recovery plan.

Hungary has answered the European Commission’s newfound expectations, the statement said, and has met all conditions set by the EU’s Recovery and Resilience Facility (RRF). Talks between Hungary and the Commission continue, and we await the Commission’s decision, it concluded.

As the European Commission has not yet finished evaluating the plan to finance the recovery of damages caused by the coronavirus pandemic, it will ask for a two-month extension to the deadline. “

The evaluation of the Hungarian recovery plan may take weeks rather than days, so the European Commission will propose to the Hungarian authorities to agree to an extended deadline of two months,

spokesperson Arianna Podesta said on Monday. The EC is currently examining answers it has received on Friday to its earlier questions, she added.

The EC has approved the RRF plans of 16 member states so far, while five member states have asked for a deadline to the evaluation process of their plans.

Cover photo: Getty Images

 

More in Economy

bank épület fiókbezárás
November 22, 2024 12:20

This is how the new extra profit tax regulation will impact the banking sector

The tax base, the rate and the option of halving have also been updated by the legislative change

gyár munkás gyári munkás factory worker
November 22, 2024 11:41

Amounts of the 2025 minimum wage and the guaranteed wage minimum wage set

The parties have finalised their agreement

Benzin
November 22, 2024 11:28

Both petrol and diesel prices rise in Hungary over the weekend

Latest gross wholesale purchase prices are in

dolgozó worker gyár gyári munkás ipar kereset fizetés
November 22, 2024 10:59

Hungarian wage boom already slowing down, and will end rather soon

KSH releases earnings data for September

GettyImages-1203510164-emisszió-energiaipar-gyár-infrastruktúra-ipar-környezet-környezetszennyezés-légszennyezés-termelés-üzem
November 22, 2024 09:52

No end in sight for the free fall in investments

However, the recent miserable Q3 preliminary data is no surprise

orbán viktor kossuth rádió interjú miniszterelnök kormányfő
November 22, 2024 08:52

Viktor Orbán invites Benjamin Netanyahu to Hungary despite the ICC's arrest warrant

The PM also said that the plan is to raise Hungary's economic growth "well above the EU average"

LATEST NEWS

Detailed search