"No updates" on approval of Hungarian recovery plan - EU Commission

The European Union executive had "no updates" on unlocking Hungary's access to 15.5 billion euros ($16.2 billion) in COVID economic stimulus funds, a spokeswoman said on Wednesday. A second Commission spokeswoman said the EU executive had received Hungary's letter and was analysing it.


Reuters | Brussels | Updated: 29-06-2022 20:21 IST | Created: 29-06-2022 20:21 IST
"No updates" on approval of Hungarian recovery plan - EU Commission
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The European Union executive had "no updates" on unlocking Hungary's access to 15.5 billion euros ($16.2 billion) in COVID economic stimulus funds, a spokeswoman said on Wednesday. Budapest said earlier this week it had sent a letter to the Brussels-based Commission addressing concerns that led the latter to freeze its approval of Hungary's spending plan needed to unlock the money.

"In our discussions with the Hungarian authorities... we have made progress on a number of issues over the past months. However, there are a number of points that remain open, including on anti-corruption and education measures," the spokeswoman said. "Discussions with Hungary continue," she added.

That marked "no updates" since the Commission commented on the matter on June 3, the spokeswoman added. A second Commission spokeswoman said the EU executive had received Hungary's letter and was analysing it. ($1 = 0.9545 euros)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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