Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
According to a report by MTI, the EC assessed the remedies notified by Hungary on Sept. 9 and their implementation, concluding that Hungary had addressed previously identified weaknesses and shortcomings in public procurement, the anti-corruption framework, conflicts of interest and the effectiveness of prosecutorial action.
In particular, Hungary has reinforced the powers of the Integrity Authority and its access to necessary data; established a comprehensive asset declaration system; increased transparency and addressed conflict-of-interest risks related to public interest trusts, pending their termination; and extended judicial review of decisions by investigative and prosecution authorities.
Hungary has also significantly strengthened controls over EU funding, as well as transparency in public procurement and public spending more broadly, the commission said.
Beyond the measures taken under the Conditionality Regulation, Hungary’s accession to the European Public Prosecutor’s Office, together with new rules on beneficial ownership and public procurement, further strengthens its fight against corruption and the prevention of conflicts of interest, it added.
The Council has one month from the commission’s proposal to decide whether to lift the protective measures adopted in 2022.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
