Tag: european_commission

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Hungary passes HUF 6,000 bn mark in disbursing EU funds

July 15, 2019, 10:55 am
The amount of European Union funds from the EU's 2014-2020 development budget allocated by Hungarian authorities has passed the HUF 6,000 billion mark by early July, which means the government has used... 

European growth clouded by external factors

July 10, 2019, 3:20 pm
Economic growth in the European Union will not be overly robust either this year or in 2020, not to mention that downside risks have increased, according to the European Commission’s Summer 2019... 

European Commission revises 2019 growth estimate upwardly for Hungary

July 10, 2019, 2:25 pm
The European Commission has raised its GDP estimate for Hungary for 2019, as the economy has been recently faring better than expected. Hungary’s economy grew by 4.9% in 2018, thanks to the robust... 

European Court approves Hungary's ad tax

June 27, 2019, 11:07 am
The General Court of the European Union on Thursday annulled the Commission’s decision finding that the Hungarian advertisement tax was incompatible with the EU State aid rules. Neither that tax’s... 

Merging Hungarian operations of Vodafone, UPC draws closer

June 27, 2019, 9:05 am
Vodafone plans to buy the German, Hungarian, Romanian and Czech operations of Liberty Global, which requires the approval of the European Commission. Inside sources indicate that the deal will get the... 

EU urges Hungary to step up climate efforts

June 19, 2019, 10:58 am
As plans of European Union member states are currently falling short both in terms of renewables and energy efficiency contributions, reaching the EU's overall climate and energy goals will require a collective... 

Hungary records huge EU funds inflow in May

June 14, 2019, 5:12 pm
Hungary has paid 108 billion forints worth of EU funds to tender winners in May, which is the largest volume disbursed since December 2018. By this the government has reached another milestone in EU funds... 

Hungary prepares for no-deal Brexit

June 13, 2019, 12:09 pm
A 'no-deal' Brexit is a real but undesired possibility, the European Commission acknowledged in its fifth Brexit Preparedness Communication published on Wednesday, taking stock of preparations at both... 

NPL ratio halves in EU over the last three years

June 13, 2019, 8:32 am
Efforts to reduce risks in the banking sector of the European Union have been fruitful, the latest European Commission data show, and the stocks of non-performing loans continue to decrease, announced... 

Hungary's digital progress in line with EU average

June 12, 2019, 9:09 am
Hungary's digital economy and society have developed in line with the EU average over the past few years, the European Commission said in its latest Digital Economy and Society Index (DESI) report on Tuesday.... 

Commission warns Hungary about health care problems

June 11, 2019, 9:23 am
Health outcomes in Hungary lag behind most other European Union countries, reflecting both unhealthy lifestyles and the limited effectiveness of healthcare provision, the European Commisison of the European... 

European Commission calls on Hungary to raise excise tax on tobacco

June 7, 2019, 8:47 am
The European Commission published decisions on three infringement procedures that involve Hungary on Thursday. These decisions, covering various sectors and EU policy areas, aim to ensure the proper... 

EU issues yet another warning to Hungary

June 5, 2019, 4:07 pm
Hungary’s budgetary position diverged significantly in 2018 from the medium-term budgetary objective (MTO), the European Commission stated in its country-specific recommendations released on Wednesday.... 

Commission launches EUR 1 bn loan package for young farmers

June 4, 2019, 10:07 am
The European Commission and the European Investment Bank (EIB) announced the launch of 1 billion euro EIB loans package for agriculture and the bioeconomy, with specific targets to support younger farmers.... 

Hungary shelves administrative courts not to lose massive EU funds

May 31, 2019, 10:54 am
Hungary’s unexpected decision to delay the creation of administrative courts indefinitely may also have to do with the European Union’s plan to suspend or reduce EU transfers in case of deficiencies... 

Forget everything you knew about Hungary's gravest problem

May 23, 2019, 12:21 pm
There is an endless series of articles in the Hungarian press about Hungary having the most severe labour shortage in regional comparison and it is outstanding even in EU terms. We had a hard time giving... 

Hungary looking at HUF 400 billion financial penalty - at least

May 22, 2019, 5:03 pm
As Portfolio has noted in a recent story, there are indeed grave accounting disputes between Hungarian authorities and the European Commission over projects co-financed by the European Union. Relating... 

Council adopts new rules on ban of single-use plastics

May 22, 2019, 8:49 am
The Council of the European Union has adopted measures proposed by the European Commission to tackle marine litter coming from the 10 single-use plastic products most often found on European beaches, as... 

Hungarian government allocates all available EU funds, then hits the breaks

May 20, 2019, 11:28 am
Hungarian authorities allocated no more than 57 billion forints worth of new European Union funds in April 2019, which is one of the slowest paces recorded in the last few years, Portfolio’s monthly... 

Commission warns Hungary could hit growth ceiling

May 7, 2019, 3:09 pm
After a strong 2018, Hungary’s economic expansion appears to be running into capacity limits, while productivity gains remain modest, the European Commission said in its Spring 2019 Economic Forecast... 
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