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Hungary Bends to EU Demands as Forint Woes Add Urgency for Funds

Viktor Orban

Viktor Orban

Photographer: Valeria Mongelli/Bloomberg

Hungary said talks with the European Union to secure crucial funding were at an “advanced stage” as Prime Minister Viktor Orban came under intense pressure to compromise on key issues to help reverse a dramatic currency decline. 

Hungary has decided to accept the European Commission’s demands in four key areas, including tackling corruption and making bids for EU and national funding more transparent, Cabinet Minister Gergely Gulyas told reporters on Thursday.