EC to go ahead with rule-of-law proceedings against Hungary

EU

The European Commission (EC) will go ahead with the proceedings to suspend support payments to Hungary for breaching the EU's rule-of-law standards, President of EC Ursula von der Leyen said today, according to a report by Index.hu.

The EC President said that the main problem in Hungary is corruption, adding that the country will be prosecuted under Article 7. 

"The EU Recovery Fund (RRF) has been the subject of ongoing negotiations, where anti-corruption is a key condition for us to act," noted von der Leyen.

Von der Leyen also said her team was not convinced by Hungary's responses to questions relating to the rule of law.

“Our conclusion is we have to move on to the next step,” she said, adding that a letter of formal notification will soon be sent to Hungarian authorities.

The procedure, which has been months in the making, is designed to suspend EU payments and recover funds if it sees systemic abuses in the use of EU money, Index writes, citing a report by Euronews.

Value of Bank Card Payments Climbs 8% in Q1 Banking

Value of Bank Card Payments Climbs 8% in Q1

Karácsony Submits Motion for Budapest Mayoral Election Repea... Elections

Karácsony Submits Motion for Budapest Mayoral Election Repea...

OMV Network to Get New, Modern Look in CEE Retail

OMV Network to Get New, Modern Look in CEE

Sziget Festival Returning With a Bang in 2024 In Budapest

Sziget Festival Returning With a Bang in 2024

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.