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    Ungarn verliert Anspruch auf milliardenschwere EU-Hilfen


    Ungarn verliert Anspruch auf milliardenschwere EU-Hilfen

    https://www.bluewin.ch/en/news/international/hungary-loses-entitlement-to-billions-in-eu-aid-2504966.html

    Von BezugssystemCH1903

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    23 Comments

    1. BezugssystemCH1903 on

      Article:

      >__Hungary has lost its entitlement to around one billion euros in EU aid due to breaches of the rule of law. In order to release the money, the country would have had to implement reform requirements by the end of 2024, as a spokesperson for the European Commission confirmed to Deutsche Presse-Agentur.__

      >The forfeited funds are 1.04 billion euros that were earmarked for Hungary from programs to support structurally weak areas. The funds had been frozen at the end of 2022 because the EU Commission had come to the conclusion following analyses that Hungary was disregarding various EU standards and fundamental values.

      >In order to release the funds, Hungary would have had to implement sufficient reforms by the end of the year. These include changes to laws to prevent conflicts of interest and combat corruption. However, this has not happened.

      >__Billion-euro loan from China as plan B__

      >Hungary’s right-wing populist Prime Minister Viktor Orban recently turned to China, among others, to fill the funding gaps. In April, Hungary called in a loan of one billion euros, which the country took out from Chinese state banks. This was done discreetly and only became known in July, when the Hungarian National Debt Center (AKK) published a few key figures. According to this, the loan has a term of three years. The amount of interest and the repayment intervals are not known.

      >China is very active in Hungary. The e-car manufacturer BYD is building a large plant in Szeged in southern Hungary, while the battery cell producer Catl is building a mega-factory in Debrecen in eastern Hungary. Chinese companies are building the new railroad line from Budapest to the Serbian capital Belgrade. Hungary took out a loan of almost 900 million euros from the Chinese Exim Bank for the construction of the Hungarian section.

      >Despite the Chinese financial aid, Orban is still trying to free up frozen EU funds. According to the EU Commission, a total of around 19 billion euros in EU funds are currently blocked for Hungary, including further subsidies and coronavirus aid. At the beginning of December, Orban threatened to veto the EU’s next seven-year budget if Brussels did not release the EU funds currently blocked for Hungary. Negotiations on the next long-term EU budget from 2028 to 2035 are expected to begin in mid-2025.

      >__Brussels between pressure and compromise__

      >This was not the first time that Orban has threatened to block key EU decisions. At the EU summit in mid-December, for example, he refused to agree to the extension of the Russia sanctions that expire at the end of January. Diplomats suspected that he also wanted to extort concessions from EU partners in other areas – such as the release of frozen EU funds.

      >In December 2023, the Commission released around ten billion euros in frozen EU funding for Hungary despite persistent criticism of violations of the rule of law in the country. MEPs – including those from the ranks of the German governing parties SPD, Greens and FDP – criticized this at the time and accused Commission President Ursula von der Leyen of allowing herself to be blackmailed by Hungary. Orban had previously announced that he would block the start of EU accession negotiations with Ukraine and an EU aid package worth billions for the country attacked by Russia.

    5. Hephaestus-Gossage on

      It’s almost as if these extreme far-right politicians (UK, US, Hungary, etc) don’t actually love their own countries. It’s as if they’re all just using the people for ulterior motives.

    6. castion5862 on

      We should expel Hungary from the EU or suspend all interactions with them. It’s time to stop bullies like Orban , Putin and Trump destroying the lives of millions of people world wide

    7. Ok-Juxer on

      Why does Hungary even need aid, isn’t it a developed country? (Not trying to be offensive but the per capita is in the high income category and HDI is very high)

    11. sosmajstormiki on

      Orban says: ” Europe is evil and trying to ruin our great hungarian nation, daddy putin is the best” article coming in 3…2…1…

    16. Karihashi on

      Siding with China?
      Need I remind people without China, Russia and North Korea would be broke by now, and it’s the biggest reason the war on Ukraine is costing so many lives?

      Hungary should never receive funding from the EU for as long as they are in bed with china.

    20. weltvonalex on

      Ohh noo, how can Orban now build a new mansion?? 

      Doesn’t anybody think about that poor man ans his financial needs?? 

    21. Wonderful-Basis-1370 on

      Isn’t it said that Orbán and his buddies have big mansions? I don’t think that money would go to the Hungarian people, so it’s a good thing it could be spent elsewhere. No money for Hungary or Slovakia

    23. Own_Wolverine4773 on

      It’s gonna be fun when China goes and takes over their infrastructure….

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