Hungary Backs EU financial Assistance for Ukraine
Photo by Alexandros Michailidis / Shutterstock.com
Hungary, like other member states, is prepared to support with guarantees European Union financial assistance for Ukraine, Finance Minister Mihály Varga said after an informal meeting of EU finance ministers in Prague on Friday, according to a report by state news wire MTI.
In a statement issued by his ministry, Varga noted that Hungary has so far offered over HUF 28 billion in aid to Ukraine, while welcoming more than 900,000 refugees.
At the meeting on Friday, the ministers committed to transferring a further EUR 5 bln in macro-financial assistance (MFA) loans as the second part of an exceptional MFA package up to EUR 9 bln endorsed by the European Council early in the year, the ministry said. It noted that EUR 1 bln of the MFA package was disbursed in August and another EUR 3 bln could follow in the course of the year.
Varga noted that Hungary, as a neighboring country to Ukraine, is taking on a number of material burdens that other member states are not, and that fact should be taken into account in the matter of common assistance.
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.