EU Unlocks Billions for Hungary While Romania Faces Massive Funding Penalties
The European Commission approved the release of €10 billion in pandemic recovery and cohesion funds to Hungary after it satisfied key judicial and anti-corruption benchmarks. Conversely, Romania is set to forfeit €770 million due to prolonged political crises and legislative disputes over public sector salaries.
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Hungary Meets Goal to Tap €10 Billion in EU Funds, Minister Says
Hungary has met European Union criteria to access all €10 billion ($11.6 billion) of the bloc’s pandemic-era aid plus more in cohesion funding, Transportation Minister David Vitezy said.
By Zoltan Simon
Read full article →Romania to lose €770mn in EU funds due to government crisis
Bucharest will miss a Monday deadline for passing laws required by Brussels to approve recovery funding
Read full article →Hungary clears EU criteria to unlock €10 billion pandemic aid, cohesion funds - Moneycontrol.com
Hungary clears EU criteria to unlock €10 billion pandemic aid, cohesion funds Moneycontrol.com
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