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Hungary Downplays Impact of Reports EU is Set to Delay Funds

  • Cabinet says will continue to cooperate with EU in funds probe
  • Hungary expects fresh EU funds to start arriving from 2Q 2023
Viktor Orban

Viktor Orban

Photographer: Valeria Mongelli/Bloomberg

Hungary sought to downplay the impact of reports that the European Union is poised to withhold crucial funding for longer, saying efforts by Prime Minister Viktor Orban to allay the bloc’s rule-of-law concerns will allow the aid to arrive next year.

The European Commission is poised to endorse Hungary’s Covid-recovery plan but is leaning toward recommending that member states withhold €7.5 billion ($7.8 billion) in aid until further benchmarks are met, people familiar with the deliberations told Bloomberg on Wednesday.