Hungary Orban Sees EU Fund Freeze Resolved ‘Soon,’ MTI Reports

Hungary expects a European Union proposal to freeze the payment of development funds to be “taken off the agenda soon” as the issue is of a “technical nature” and will be “resolved,” state news service MTI said, citing Prime Minister Viktor Orban.

The European Commission proposed the suspension of infrastructure-development funds after Hungary failed to reduce its excessive budget deficit in a sustainable manner, MTI said. Orban previously called the proposal “completely irrational,” according to the news service.

To contact the reporter on this story: Edith Balazs in Budapest at

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.