EU conditionality procedure against Hungary concluded
Published
The relationship between Hungary and the European Union has reached an important milestone: the so-called conditionality procedure launched against the country was officially concluded on Tuesday. This procedure had previously restricted access to certain EU funds, as the European Commission had raised concerns regarding rule-of-law issues.
Under the decision, a total of 4.2 billion euros in EU support will be released for Hungary. These funds will once again become available in the future, which could provide significant assistance to the Hungarian economy in financing various development projects.
The conclusion of the procedure means that the European Union has acknowledged the reforms and measures implemented by the Hungarian government. During the negotiations, the parties reached an agreement on several points to ensure the transparent and proper use of EU funds in the future.
The release of the funds is expected to have a positive impact on the country's economic growth and the stimulation of investments. The dialogue between the Hungarian government and EU institutions will continue in the future to ensure that the drawdown of further support can also take place smoothly.
Sources: ORIGO
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