Published: December 14 2023
The European Commission has announced that part of the cohesion funding for Hungary has been unlocked, allowing the country to start implementing its goals. Regional Development Minister Tibor Navracsics welcomed this decision, stating that Hungary can now access funding that will strengthen the Hungarian economy and improve the well-being of its people.
Unlocking of Cohesion Funding
Hungary has adopted reforms related to judicial independence, leading to the unlocking of part of the Cohesion Policy funding. This means that Hungary can now claim reimbursements of up to approximately 10.2 billion euros. After lengthy discussions with the European Commission, Hungary has fulfilled the enabling condition necessary to access around 4,000 billion HUF in EU resources.
Implementation of Goals
The EC's decision allows Hungary to utilize the cohesion and recovery funding for initiatives that will benefit the Hungarian economy and improve the happiness of its citizens. This funding can be used to support various projects and programs that align with Hungary's objectives.
Strengthening the Hungarian Economy
With the unlocked funding, Hungary can invest in measures that will strengthen its economy. This can include initiatives to boost entrepreneurship, support innovation, improve infrastructure, and promote job creation. By utilizing the funding strategically, Hungary can foster sustainable economic growth and attract further investments.
Enhancing the Well-being of the Hungarian People
In addition to economic development, the unlocked funding can be used to improve the well-being of Hungarian citizens. This can involve investments in education, healthcare, social programs, and other initiatives that contribute to a higher quality of life. By prioritizing the needs and aspirations of its people, Hungary aims to create a happier and more prosperous society.
The unlocking of cohesion funding by the European Commission is a positive step for Hungary's progress. With access to significant resources, Hungary can now focus on implementing its goals and driving economic growth while improving the well-being of its people.
Questions & Answers
What is the announcement from the European Commission that has been welcomed by Tibor Navracsics? The European Commission has announced that it is unlocking part of the cohesion funding for Hungary.
What does unlocking part of the cohesion funding mean for Hungary? Unlocking part of the cohesion funding means that Hungary can now start implementing several of its goals and can claim reimbursements of up to around 10.2 billion euros.
What reforms did Hungary adopt to unlock the cohesion funding? Hungary adopted reforms related to judicial independence, which led to the unlocking of part of the cohesion funding.
How much EU resources can Hungary access as a result of this decision? Hungary can access some HUF 4,000 billion in EU resources.
What are the goals that Hungary can now start implementing with the unlocked funding? The unlocked funding can be used for purposes that would strengthen the Hungarian economy and make Hungarian people happier.
Who made the announcement about the unlocking of funding? The European Commission made the announcement about unlocking part of the cohesion funding for Hungary.
Who is Tibor Navracsics? Tibor Navracsics is the Regional Development Minister.
Where did Tibor Navracsics share his reaction to the announcement? Tibor Navracsics shared his reaction on Facebook.
How long did the talks with the European Commission last before the acknowledgment of Hungary's fulfillment of the enabling condition? The talks with the European Commission lasted for another one year before the acknowledgment of Hungary's fulfillment of the enabling condition.
What is the purpose of using the cohesion and recovery funding in Hungary? The purpose of using the funding is to strengthen the Hungarian economy and make Hungarian people happier.
