European Union finance ministers approved Hungary's new Recovery and Resilience Facility (RRF) plan at an ECOFIN meeting in Brussels on Friday. The new plan should allow for EUR 10 billion to be disbursed to Hungary, made up of around EUR 6.5 billion in grants and EUR 3.5 billion in loans, the Council said in a […]

After parliamentary sessions on Monday and Tuesday and a cabinet meeting on Wednesday, the second half of the week will focus on Brussels and ECOFIN, finance minister András Kármán said on social media on Monday. The government will also take the final legal steps required by the European Union "to bring home the funds due […]

EU finance ministers decided to endorse the European Commission’s recommendation of May 29 to abrogate the excessive deficit procedure (EDP) for Hungary. The country has been in the EU’s fiscal cuffs since its accession to the bloc in 2004.

The member states of the European Union advocate sound budget policy. That was the conclusion observers drew from the two-day informal meeting of Economic and Finance Ministers (ECOFIN) in Hungary this past week-end.