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☆ Hungary’s Orban, a long-time Trump ally, rocked by major scandals ahead of European elections
▼ + stars: | 2024-04-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Hungary's Prime Minister Viktor Orban arrives to attend a European Council summit at the EU headquarters in Brussels on March 21, 2024. Sameer Al-doumy | Afp | Getty ImagesHungarian Prime Minister Viktor Orban has run into political trouble ahead of European parliamentary elections in June, with his ruling party shaken by two political scandals within six weeks. Orban is a long-time ally of former U.S. President Donald Trump and widely seen as Russian President Vladimir Putin's closest supporter in the European Union. The right-wing leader has led the central European country since 2010, making him the EU's longest-serving head of state. Yet two major scandals have recently rocked his dominance of Budapest's political landscape at a sensitive time when Hungary is poised to hold both local and European elections in early June.

Persons: Viktor Orban, Sameer Al, Orban, Donald Trump, Vladimir Putin's, Peter Magyar, Janos Kummer, Zsuzsanna Vegh, Vegh, Magyar, Judit Varga —, Katalin Novak, Novak, Varga, William Shakespeare Organizations: Hungary's, EU, Afp, Getty, Hungarian, European Union, Eurasia Group, Fidesz, German Marshall Fund of, CNBC, Facebook, YouTube, Reuters, Lawyer Locations: Brussels, doumy, Hungary, Budapest, United States, Hungarian

BUDAPEST, Hungary (AP) — A bipartisan group of U.S. lawmakers are urging Hungary to immediately ratify Sweden's application to join NATO, saying patience with the Central European country is “wearing thin” as it continues to delay its approval for the Nordic nation. “Despite its numerous prior public commitments, Hungary is the last remaining NATO member to have not ratified Sweden’s bid and both time and patience are wearing thin. Hungary’s inaction risks irrevocably damaging its relationship with the United States and with NATO,” the senators wrote. Orbán, a staunch nationalist that has led Hungary since 2010, has long promised that his country wouldn't be the last NATO member to approve Sweden's application. Photos You Should See View All 45 ImagesA vote on the protocols for Sweden’s NATO accession hasn’t yet appeared on the Hungarian parliament’s agenda, and the matter is unlikely to go before lawmakers until at least late February when the parliament reconvenes.

Persons: Jeanne Shaheen, Thom Tillis, Viktor Orbán, Orbán, Sen, Ben Cardin, ” Cardin, Biden, Cardin, ”, “ Organizations: NATO, Central, New, New Hampshire Democrat, North Carolina Republican, Hungarian, Maryland Democrat, Senate Foreign Relations, U.S, Visa, Global, European Union Locations: BUDAPEST, Hungary, U.S, Nordic, Budapest, Sens, New Hampshire, United States, Ukraine, Maryland, Washington

☆ EU Deal for Ukraine 'Difficult' Despite Move by Hungary -Official
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

BRUSSELS (Reuters) - Talks between European Union countries aimed at agreeing on more aid for Ukraine later this week remain "difficult", a senior EU official said on Tuesday, despite Hungary having signalled its readiness for a compromise. It has already once blocked the aid package and has also voiced opposition - along with EU paymaster Germany - to topping up the military fund. "We are not there yet," the EU official said under condition of anonymity, referring to preparations for the Thursday summit in Brussels of the leaders of the bloc's 27 member states. As the EU mounts pressure on Hungarian Prime Minister Viktor Orban to agree, the official said Budapest's conditions for lifting its veto on the financial assistance to Kyiv were not acceptable to the other EU countries. The official added that Hungary's EU peers did not want to agree to review any support to Kyiv every year as that would give Orban a veto each time.

Persons: Russia's, Viktor Orban, Orban, Jan Strupczewski, Gabriela Baczynska, Mark Heinrich Organizations: European Union, EU, Germany, Hungarian Locations: BRUSSELS, Ukraine, Hungary, Kyiv, Russia, Brussels

☆ Hungary accuses EU of blackmail over Ukraine aid stand-off
▼ + stars: | 2024-01-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Viktor Orban, Hungary's prime minister, arrives on day one of the European Union (EU) leaders summit at the EU Council headquarters in Brussels, Belgium, on Monday, May 30, 2022. Hungary accused the European Union of blackmail after a leaked document reportedly suggested that the bloc plans to sabotage Budapest's economy if it vetoes fresh aid for Ukraine at a summit later this week. "Hungary does not give in to blackmail," Bóka János wrote in a post on X, the platform formerly known as Twitter. "The document drafted by Brussels bureaucrats only confirms what the Hungarian Government has been saying for a long time: access to EU funds is used for political blackmailing by Brussels," he added. It added that budget talks remain ongoing and will continue to be based on reaching a compromise that is acceptable to all 27 member states.

Persons: Viktor Orban, Hungary's, Bóka János Organizations: European Union, EU, European, Ukraine, Financial Times, Hungarian Locations: Brussels, Belgium, Hungary, European Union, Kyiv, Hungarian Government, Budapest, Hungarian, Ukraine

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ EU executive approves 900 mln euros in funds for Hungary
▼ + stars: | 2023-11-23 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

EU support is crucial to Ukraine, which has been struggling to push back a full-scale Russian invasion since February 2022. EU officials said Hungary's amended recovery plan is worth a total of 10.4 billion euros over several years - or about 5% of Hungary's 2023 GDP - including 4.6 billion euros under RePowerEU: 0.7 billion euros in grants and 3.9 billion in loans. EU officials said Hungary would use the RePowerEU money to modernise its electricity sector through smart metres and digitalisation of energy companies. EU officials expected two payments of around 460 million euros each to follow next year. EU officials told Reuters last month that the bloc was considering unlocking aid for Hungary to win Budapest's support for Ukraine.

Persons: Laszlo Balogh, Viktor Orban, Orban, Gabriela Baczynska, Toby Chopra Organizations: Hungarian, European Union, National Bank of Hungary, REUTERS, Ukraine EU, European Commission, Ukraine, Kyiv, Fidesz, Reuters, Thomson Locations: Budapest, Hungary, Ukraine, BRUSSELS, Brussels, Russia, EU, Moscow

☆ Hungary's Orban says EU must not start membership talks with Ukraine
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Hungarian Prime Minister Viktor Orban looks on as he attends a European Union leaders summit in Brussels, Belgium October 27, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsBUDAPEST, Nov 10 (Reuters) - The EU must not start membership talks with Ukraine, Prime Minister Viktor Orban told state radio on Friday, stressing this was Hungary's "clear stance" on the issue. EU countries' leaders are due to decide in mid-December on whether to accept the Commission's recommendation to invite Kyiv to begin membership talks as soon as it meets final conditions. "Membership talks must not be started, this is the clear Hungarian stance," Orban said, adding that Brussels "owed Hungary money." Investors have been eyeing Budapest's talks with Brussels over the EU funds very closely.

Persons: Viktor Orban, Johanna Geron, Nationalist Orban, Orban, Budapest's, Krisztina, Jason Neely, Christina Fincher Organizations: European Union, REUTERS, Rights, EU, European Commission, Thomson Locations: Brussels, Belgium, EU, Ukraine, Hungary, Budapest

☆ Estonia's Kallas Dismayed by Hungary's Orban Handshake With 'Criminal' Putin
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

With great pomp, Viktor Orban and Putin held talks in China on Tuesday. Broadcast on Russian television, Orban told Putin that he had never wanted to oppose Moscow and is trying to salvage bilateral contacts. "It was very, very unpleasant to see that," Kallas, one of Ukraine's staunchest defenders, told Reuters in an interview in Paris. At least 2,600 Hungarians and 600 Soviet troops were killed in the fighting. This is the reality, but it doesn't mean that we should lose our interest in these areas," Kallas said.

Persons: John Irish PARIS, Vladimir Putin, Kaja Kallas, Viktor Orban, Putin, Orban, Ukraine's, Kallas, Emmanuel Macron, he's, John Irish, Jonathan Oatis Organizations: Union, Ukraine, Reuters, Criminal Court, ICC, Republicans, Hamas Locations: Moscow, Estonian, Hungary, Russia, China, Paris, Ukraine, Soviet, Kyiv, U.S, Israel, Nagorno, Karabakh, Western Balkans, Middle East

☆ Putin and Orban reaffirm Russian-Hungarian ties amid international strains
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

[1/5] Russian President Vladimir Putin shakes hands with Hungarian Prime Minister Viktor Orban during a meeting ahead of the Belt and Road Forum in Beijing, China, October 17, 2023. Sputnik/Grigory Sysoyev/Pool via REUTERS Acquire Licensing RightsBEIJING, Oct 17 (Reuters) - Russian President Vladimir Putin and his closest ally among European Union leaders, Hungarian Prime Minister Viktor Orban, on Tuesday reaffirmed their commitment to bilateral ties amid international tensions over the war in Ukraine. The men met in the government guest house where Putin was staying before the start of an international forum on China's Belt and Road Initiative. One of these countries is Hungary,” Putin told Orban. In an emailed response to Reuters, Orban's press chief Bertalan Havasi said Orban and Putin had discussed gas and oil shipments and nuclear energy issues.

Persons: Vladimir Putin, Viktor Orban, Grigory Sysoyev, Orban, Putin, ” Putin, Bertalan Havasi, Havasi, Alexander Marrow, Kevin Liffey Organizations: Hungarian, Forum, Sputnik, REUTERS Acquire, Rights, European Union, Initiative, Kyiv, Reuters, Thomson Locations: Beijing, China, Rights BEIJING, Hungarian, Ukraine, Hungary, Russia, Brussels, Russian, Europe, Moscow, Budapest

☆ EU looks to the future at summit on migration and enlargement
▼ + stars: | 2023-10-06 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +4 min

Other central and eastern EU countries have also put up border controls inside what is normally a zone of open travel, citing the need to crack down on people smugglers and migrants who avoid regular border crossings and arrival procedures. But the matter is politically sensitive and anti-immigrant rhetoric and policies are on the rise in some EU countries ahead of continent-wide European Parliament elections next June. From economic aid transfers to decision-making to maintaining cohesion, EU leaders will look on Friday at what needs to change inside their union to allow for another enlargement. Such debates highlight a tough dilemma the EU faces in trying to bring in new members while deepening existing integration. "Enlargement is a geo-strategic investment in peace, security, stability and prosperity ... both the EU and future member states need to be ready."

Persons: Spain's King Felipe VI, Queen Letizia, Jon Nazca, Gabriela Baczynska, Rosalba O'Brien Organizations: Lions, Alhambra, Political Community Summit, REUTERS, Rights, GEO, Reuters, EU, Kyiv, European Union, Thomson Locations: Granada, Spain, Rights GRANADA, Ukraine, Italy, Germany, Europe, Bavaria, Poland, East, Africa, Russia's, Grenada, China, Moldova, Western Balkans, Britain, Kyiv, Warsaw, Hungary

☆ EU Looks to the Future at Summit on Migration and Enlargement
▼ + stars: | 2023-10-06 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

Persons: Gabriela Baczynska GRANADA, Gabriela Baczynska, Rosalba O'Brien Organizations: GEO, Reuters, EU, Kyiv, European Union Locations: Spain, Ukraine, Italy, Germany, Europe, Bavaria, Poland, East, Africa, Russia's, Grenada, China, Moldova, Western Balkans, Britain, Kyiv, Warsaw, Hungary

☆ Billions in frozen funds for Hungary on table as EU seeks Ukraine support
▼ + stars: | 2023-10-03 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +4 min

"I can't imagine Hungary agreeing without there first being a solution to the blocked funds," said the official. A second EU official confirmed there was a link between releasing funds to Hungary and EU plans requiring unanimity, including in the enlargement and budget talks. The Commission needs Hungary to lift its vetoes on a number of issues in return," said an EU diplomat. For Ukraine, which applied to join the EU just days after Russia's invasion in February 2022, the West's support is existential and EU membership is a major national goal. Speaking to the Hungarian parliament last week, he drew a line between supporting Ukraine and unlocking EU funds.

Persons: Viktor Orban, Orban, Gabriela Baczynska, Jan Strupczewski, Andrew Gray, Gareth Jones Organizations: Budapest, Ukraine, Hungary BRUSSELS, European, Kyiv, EU, Reuters, Financial, European Union, Thomson Locations: Hungary, Ukraine, Brussels, EU, European Union, Russia, Budapest, Krisztina

☆ Budapest: The beautiful city with the darkest of pasts
▼ + stars: | 2023-07-04 | by ( Richard Quest | Joe Minihane | ) edition.cnn.com time to read: +9 min

CNN —Carved through and framed by the mighty River Danube, Budapest and its beautiful skyline make it one of Europe’s finest and most compelling cities. The Ruin Bar District has seen its success spread too, with other bars appearing in ruined buildings across the city. CNNIt’s a sobering fact that, just 35 years ago, Budapest had a much different feel compared with its current vibrant air. That’s not to say, however, that the country, and Budapest in particular, does not have a strong independent streak. If Bakancsos Piac is imbued with the spirit of Budapest, then so too is the game of button football.

Persons: Katinka Orosz, ”, Fuge, Andrassy, Imre Horvath, Bakancsos Piac, He’s, Horvath, Mark Pataki, “ Organizations: CNN, Bars, Bar, Nazi, Soviet, Eastern Bloc, Park, Button, CNN Today’s, European Union, NATO, brac, Football, Budapest Pinball Locations: Budapest, Buda, Pest, Austro, Hungarian, VII, Hungary, Soviet, Soviet Union, CNN Today’s Hungary

☆ China decoupling would be an act of 'suicide' for Europe, Hungary's foreign minister says
▼ + stars: | 2023-06-27 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Thomas Trutschel | Photothek | Getty ImagesHungary's foreign minister said Tuesday that any move to decouple, or even de-risk, from China would be an act of "suicide" for Europe. "Both decoupling and de-risking would be a suicide committed by the European economy," Szijjártó told CNBC's Sam Vadas at the World Economic Forum's annual conference in Tianjin, China. "How could you decouple without killing the European economy?" Péter Szijjártó Foreign Minister of HungaryThe issue is a particularly sensitive balancing act for Europe, which remains deeply reliant on U.S. support in Ukraine but also has critical economic ties with Beijing. China was the largest source of EU imports and the third-largest buyer of EU goods in 2022, according to Eurostat.

Persons: Thomas Trutschel, Péter Szijjártó, Szijjártó, CNBC's Sam Vadas, Péter, Mercedez Organizations: Photothek, Getty, Beijing, Péter Szijjártó, Eurostat, European Union, Amperex Technology, Mercedez Benz, BMW, VW Locations: China, Europe, Tianjin, Beijing, Hungary, Ukraine

☆ Poland slams vote questioning Hungary holding EU presidency
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

WARSAW, June 1 (Reuters) - Poland rebuked on Thursday the European Parliament backing a resolution that questions Hungary's ability to hold the European Union presidency next year due to concerns about judicial independence. According to a calendar agreed by all EU governments in 2016, Hungary is to hold the presidency of the bloc between July and December 2024. Hungary and Poland have long been at odds with the EU over multiple issues, such as the rule of law, media freedoms and LGBTQ rights. The EU has frozen billions of euros in funds for Budapest and Warsaw due to its concerns. Hungary has refused to provide any military equipment to its neighbour to help it fight off a Russian invasion, and Hungary has criticised EU sanctions against Moscow.

Persons: Mateusz Morawiecki, Viktor Orban's, Balazs Orban, Alan Charlish, Anna Wlodarczak, Lisa Shumaker Organizations: WARSAW, Parliament, Union, EU, European Union, European Commission, . State Department, Twitter, Moscow, Thomson Locations: Poland, Ukraine, Hungary, Brussels, Moldova, Budapest, Warsaw

☆ Hungary blocks next tranche of EU off-budget military support for Ukraine
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

BUDAPEST, May 16 (Reuters) - Hungary did not approve the disbursement of the next tranche of military support for Ukraine provided under the EU's European Peace Facility (EPF), a government spokesman's office said on Tuesday. The EPF, created in 2021, is an off-budget instrument aimed at enhancing the EU's ability to prevent conflicts, build peace and strengthen international security. The EU has provided a total of about 3.6 billion euros for military support for Ukraine so far under the EPF. Hungary, which is member of the EU and also NATO, has refused to provide any military equipment to its neighbour Ukraine, which was invaded by Russian forces in February 2022. Hungary has also repeatedly criticised EU sanctions against Russia, which all 27 EU countries must also unanimously approve, but eventually supported all the agreed measures so far.

[1/5] Pope Francis greets the crowd ahead of a holy mass at the Kossuth Lajos Square during his apostolic journey in Budapest, Hungary, April 30, 2023. Francis believes migrants fleeing poverty should be welcomed and integrated because they can culturally enrich host countries and boost Europe's dwindling populations. He believes that while countries have a right to protect their borders, migrants should be distributed throughout the European Union. In his homily, Francis also spoke against doors "closed to the world". On Friday, he quoted what St Stephen, the 11th century founder of Christian Hungary, had written about welcoming strangers.

REUTERS/Marton MonusBUDAPEST, March 20 (Reuters) - After the lights dim in Budapest's magnificent Opera House, Ukrainian ballerina Ganna Muromtseva flutters high with undulating arms in the lead role of Tchaikovsky's Swan Lake ballet. Muromtseva was at the peak of her career at the National Opera of Ukraine when the war rewrote all her plans. Her mother plans a visit to see her in Swan Lake at the end of March, which gives her emotional strength. Though the Hungarian State Opera has hired her for another year and she is happy with her new opportunity, Muromtseva would naturally like to return home one day. "I am waiting for this day, that one day I can dance on Kyiv stage again, but for now I have a contract here."

☆ Hungary signals fresh delay in Finland, Sweden NATO approval
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

Sweden and Finland applied last year to join the transatlantic defence pact after Russia's full-scale invasion of Ukraine. But all 30 NATO members need to back the applications and Sweden has faced objections from Turkey for harbouring what Ankara considers to be members of terrorist groups. With Hungary's ratification process stranded in parliament since July, Orban aired concerns about Sweden and Finland's NATO membership for the first time on Friday. A legislative agenda published on parliament's website this week showed a final vote on the NATO bids could take place in the week of March 6. "Parliament will put this on the agenda on Monday and start debating the legislation next week," Gulyas told a news conference.

☆ Hungary flags further possible delay in access to EU funds -report
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

BUDAPEST, Feb 20 (Reuters) - Hungary's European Union funds negotiator on Monday flagged a further possible delay in access to billions of euros of recovery money, saying ironing out remaining issues with Brussels over democratic reforms could last until the summer. Hungary can receive some 5.8 billion euros ($6.2 billion) in free grants and a further 9.6 billion euros in cheap loans from the EU, but the bloc has suspended any payments until Budapest's nationalist government implements reforms to improve judicial independence and tackle corruption. Tibor Navracsics, the minister in charge of funding talks with the EU, told the business daily Vilaggazdasag that Hungary's parliament could pass the next tranche of judicial reforms in March following talks with EU officials. "Parliament has until March to pass legislation on judicial independence. When asked about media reports on a further delay in access to EU funds until the second half of the year, the minister said he expected all outstanding issues with the EU Commission to be resolved by the summer, later than a previously-flagged April deadline.

☆ Ukraine's young circus artists wow Budapest after training in bomb shelters at home
▼ + stars: | 2023-01-03 | by ( Krisztina Fenyo | ) www.reuters.com time to read: +2 min

[1/5] Ukrainian Mariia Kravchenko, a participant of the Yaskrava Arena Dnipro International Children's Circus Festival practices before the competition in Budapest, Hungary, January 1, 2023. Circus artist Mariia Kravchenko, aged 13, from the eastern Ukrainian city of Dnipro, had trained for the circus festival in unheated shelters amid the Russian attacks. The Yaskrava Arena Dnipra international children's circus festival was launched in 2010 by an NGO called Bright Country (Ukraine). Before the war, it was held every year in December at the Dnipro State Circus. Since it began, more than 1,000 young artists from all over Ukraine, as well as Lithuania, Hungary, Germany, Moldova and Poland, have participated in the festival.

☆ EU to discuss Russia, Iran sanctions, top up of Ukraine arms fund
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 12 (Reuters) - European Union foreign ministers will meet on Monday to try to agree on further sanctions on Russia and Iran and an additional 2 billion euros ($2.11 billion) for arms deliveries to Ukraine. However, it remained unclear whether Hungary will block some decisions, resorting to what diplomats have denounced as "blackmail diplomacy" due to a dispute over locked EU funds for Budapest. Foreign ministers will discuss a ninth package of Russia sanctions that is set to place almost 200 more individuals and entities on the EU sanctions list. They are also due to review new sanctions on Iranian people and organisations over human rights abuses in Tehran's crackdown on protesters and the supply of drones to Russia. Before their meeting, ministers will talk with the counterparts from the Eastern Partnership - Armenia, Azerbaijan, Georgia, Moldova and Ukraine - nations the EU has sought to stabilise in the face of Russia's war in Ukraine.

☆ Putin's old EU ally Orban is once again aggravating Brussels with knockbacks
▼ + stars: | 2022-12-12 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Hungary Prime Minister Orban, often seen as a scourge to EU politics with once-warm relations with Russian President Vladimir Putin, took to Twitter on Tuesday. Some EU officials believe Budapest's vote was an attempt to force through its own EU funding. On top of the additional funding for Ukraine, Hungary is also preventing the approval of new tax rules across the EU. Just before the Kremlin began its invasion of Ukraine, Orban said at a joint press conference with Putin how they had worked closely together for the last 13 years. Ukrainian President Volodymyr Zelenskyy said in November he had just received 2.5 billion euros from the EU.

The EU has blocked the funds over worries around corruption and poor judicial independence in Hungary, which in turn vetoed the EU loan to Kyiv and a proposal for a global corporate tax. "I note the efforts made so far by Hungary to address several of the remedial measures," EU Budget Commissioner Johannes Hahn wrote in a letter. Orban, in power since 2010, has cultivated close ties with Moscow and repeatedly stalled EU sanctions against Russia. International watchdogs say Orban has long channelled EU funds to associates to entrench himself in power. It has also been withholding approval of some 5.8 billion euros for Hungary from an EU fund set up to help countries recover from the COVID pandemic, citing insufficient independence of courts from politicians.

☆ EU reviews Hungary's eligibility for sorely needed aid
▼ + stars: | 2022-12-09 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

At stake is 13.3 billion euros ($14.1 billion) that had been earmarked from the EU's joint coffers for Hungary but blocked over worries around corruption and poor judicial independence. International watchdogs say Orban has long channelled EU funds to associates to entrench himself in power. He has cultivated close ties with Moscow and repeatedly stalled EU sanctions against Russia over the war in Ukraine. But with Hungary's forint currency down 11% versus the euro this year, Orban has sought to strike a deal with the Commission, creating an anti-graft agency to help unlock the sorely needed EU funds. The Commission has also been withholding its approval of some 5.8 billion euros for Hungary from an EU fund set up to help countries recover from the COVID pandemic.

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