EU releases €920M of Hungary's recovery funds - Breaking The News
Download our appPlay StoreApp Store

EU releases €920M of Hungary's recovery funds

EPA-EFE/STEPHANIE LECOCQ

The European Commission decided on Thursday to authorize the disbursement of €920 million to Hungary after approving its revised recovery and resilience plan. The funds represent the pre-financing of the REPowerEU energy transition scheme and are not tied to Hungary's rule of law violations.

Meanwhile, the Commission said that Hungary's revised plan is now worth €10.4 billion but that it is held until Hungary completes reforms "to ensure the protection of the Union's financial interests and to strengthen judicial independence."

Related News
EU to hit US with tariffs from April 15
The European Commission announced on Wednesday that all member states voted in favor of the proposal to pass trade countermeasures against the United States, which would affect €21 billion worth of US imports. Duties will begin to be collected on April 15.In the public statement published by the commission, the bloc dubbed the US tariffs "unjustified and damaging, causing economic harm to both sides, as well as the global economy." Moreover, the...
Rolls-Royce to supply power systems for EU commission
Rolls-Royce Holdings PLC announced on Wednesday that it has earned a deal with the European Commission to provide two maximum transmission unit (mtu) Series 4000 generator sets as emergency backup power for the facility in Luxembourg.In its statement, Rolls-Royce said that its partner on site Energolux has already installed two gensets of the type 20V4000 DS2750, which have respective maximum output of 2,640 kilovolt-amperes (kVA) and run...
EU responds to US tariffs with €26B countermeasures
The European Commission said on Wednesday that it decided to implement countermeasures, targeting United States goods exports, which could be worth up to €26 billion, after the United States officially imposed 25% tariffs on steel and aluminum imports from all over the world.Namely, the Commission explained that it will end the current suspension of tariffs on US imports on April 1. Additionally, it prepared "a package of new countermeasures on US...
EU unveils €100B plan to strengthen clean industries
The European Commission unveiled the Clean Industrial Deal on Wednesday, to boost Europe's industrial competitiveness while expediting decarbonization. It aims to mobilize, in the short-term, over €100 billion for clean manufacturing, with a focus on renewable energy, industrial decarbonization, and the capacity for clean tech production.In a statement, the CommissionEC said key measures include simplifying state aid approval for green energy projects...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.