The reason for the freezing of funds is called an insufficiently active fight against corruption in the country.
The vast majority of EU countries agreed to freeze the funds due to Hungary from the EU Balanced Development Fund due to insufficiently active fight against corruption in the country. However, the amount should not be as large as the European Commission (EC) proposes, DPA reports, citing diplomatic sources.
According to the agency, the reason for this decision is the fear that EU funds are misused in Hungary due to inadequate anti-corruption measures.
According to the publication, shortly before the agreement was reached, the EC recommended to the governments of EU member states to freeze access to Hungary’s €7.5 billion subsidies paid out from the EU’s Balanced Development Fund.
Now, according to the compromise reached, the amount should be around €6.3 billion, since Hungary has already implemented some of the required measures, the DPA points out.
A qualified majority is required for final approval of the proposal, meaning at least 15 of the 27 EU countries must agree, and together they make up at least 65% of the total EU population, the agency reminds. This requirement has been met after agreement in the Committee of Permanent Representatives and must now be formalized in writing before the EU summit on Thursday.
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