Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Is it Too Late to Buy Pepe Coin? PEPE Coin Price Plummets 15% in 7 Days as Launchpad Approaches $1 Million June 6, 2023
Lululemon stands by decision to fire employees who intervened in robbery June 6, 2023
CBI wins vote of confidence after claims of misconduct June 6, 2023
SEC/crypto: the knives are out for exchanges June 6, 2023
Verizon warns cybersecurity attacks are ‘still alive and well’ in latest data breach report June 6, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home News

Hungary lifts veto on Ukraine aid package to lower frozen EU funds

Staff by Staff
December 13, 2022
in News
0 0
A A
0

Hungary reached a deal with other European Union countries on Monday night to lower the amount of proposed frozen EU funds it has in exchange for lifting its veto on assistance to Ukraine and a global corporate tax.

The Commission had last month recommended that EU countries vote to freeze €7.5 billion of cohesion funds to Hungary after concluding that reforms undertaken by Budapest to strengthen the rule of law had fallen short. 

But EU ambassadors gathered in Brussels on Monday evening agreed to lower the frozen funds to €6.3 billion. They also agreed to back the country’s €5.8 billion post-COVID recovery plan, known as RRP. 

In exchange, Bupadest lifted its veto on two key files that required unanimity: an €18 billion assistance package to Ukraine and a global corporate tax.

“Megadeal! EU ambassadors approved in principle a package of €18 billion in support for Ukraine, 15% minimum tax for big corporations, approval of Hungary’s RRP and an agreement on conditionality,” the Czech Presidency of the Council said on Twitter. 

Budapest will however still need to complete the 27 “super milestones” set out by the EU Commission in order to get the funds under the conditionality mechanism and the recovery plan.

These include reforms to strengthen judiciary independence, new rules on auditing and reporting on EU funds, the creation of new independent anti-corruption bodies, and stronger rules to crack down on conflicts of interest. 

A senior EU official said last month that it expected Budapest to attain these milestones before the end of the first quarter.

The decision is likely bruising for the Commission which had last week — after being asked by some of the bloc’s member states to release a new rule of law analysis that would include reforms passed by the Hungarian government earlier this month in a bid to lower the amount frozen — stood by its initial assessment. 

It is therefore a victory for Budapest which successfully wielded its veto on the two other key files in order to secure the EU funds.

On the package of assistance to cover Ukraine’s budget shortfall for 2023, Budapest had argued against raising money on the markets and said it preferred providing assistance to Ukraine on a bilateral basis despite its share being lower as part of an EU package.  

It opposed the global corporate tax, known as Pillar II, for months arguing that with the world economy in the slump because of COVID-19 and Russia’s war in Ukraine it was not the time to raise taxes. Yet it upped taxes for small businesses over the summer triggering mass protests.

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

News

High school softball player stabbed 15 times by her ex while leaving a Florida restaurant, officials say

June 6, 2023
News

EU Green Week kicks-off as bid to become climate neutral continues

June 6, 2023
News

Parallel reparations efforts gain momentum in California and Capitol Hill

June 6, 2023
News

Victims of Colorado Springs shooting plan to sue sheriff for failing to get red flag order against suspect

June 6, 2023
News

Kakhovka dam destruction poses threat to homes, water supplies and a nuclear plant

June 6, 2023
News

Boppy Newborn Lounger is now linked to at least 10 deaths

June 6, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.