• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Agreement entitling Hungary to get billions of EURO close?Agreement entitling Hungary to get billions of EURO close?Agreement entitling Hungary to get billions of EURO close?Agreement entitling Hungary to get billions of EURO close?
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • This is how Hungary could be kicked out of the EU

  • BREAKING: Explosion at a family house, one policeman died in Hungary

  • Another airline to fly to Budapest for Christmas

Support us
DNH 2021 DNH 2021 · 10/07/2022
· Politics

Agreement entitling Hungary to get billions of EURO close?

An agreement on Hungary’s Recovery and Resilience Facility (RRF) funding now depends only on the European Commission, as the government has accepted the body’s stand on disputed issues, Gergely Gulyás, the head of the Prime Minister’s Office, said on public radio on Sunday.

In a letter sent to the EU’s executive body, Gulyás said the government accepted the EC’s position in all four areas in which it expected progress, “regardless of whether we agreed with the suggestions or not”. He added that the significance of the issues in question are “much smaller” than the matter of Hungary getting the funding to which it is entitled.

“As we’ve accepted the Commission’s position on all of the issues over which there were differences so far, we think the only thing that remains to be discussed is the technical close, after which an agreement can be signed,” he said.

Gulyás said the Hungarian left wing and their allies in Western Europe don’t want to see Hungary reach an agreement on the funding with the EC. He added that they are lobbying for teachers not to get pay rises as EU funding can provide the resources for higher salaries in the education sector. Pay rises in the healthcare sector would also be covered by the RRF funding, he added. He called the left wing’s behaviour “irresponsible” and urged left wing MEPs “who make five million forints a month not to lobby to keep teachers and doctors in Hungary from earning more”.

  • Read also: Local governments and NGOs to receive the EU funds in Hungary?

Commenting on a European Parliament resolution on the global minimum corporate profit tax, Gulyás said the minimum global tax and the RRF have “nothing to do with each other”, adding that the resolution was a “gross violation” of the EU Treaties as the principle of sincere cooperation does not allow correlations to be made between unrelated matters.

The global minimum corporate tax, in its present form, is good for the United States, but bad for Europe and even worse for Central Europe,

he said. The adoption of the minimum tax rate would result in the loss of Hungary’s tax advantage that has drawn international investors and their investments to the country, he added.

  • Read also: Nyugati Railway Station revamp project gets EU support

He said the United States’ cancellation of its double taxation avoidance agreement with Hungary was “strong arming” to get the country to approve the global minimum corporate tax. He added that the termination would not come into force until January 2024, leaving Hungary one-and-a-half years to approve the global minimum corporate tax.

The action is a “petty step by a superpower”, he said.

Gulyás acknowledged the risk to the economy posed by higher prices for commodities and energy and said the government had done “everything in its power” to “normalise” the situation. The budget is stable and balanced, the deficit is falling and the real economy is in a good position, he added. He said recruitment would start for new units of border rangers in July already.

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
energy EU funding European Union Hungarian government Hungary migration money recovery tax/VAT United States
Share

Hot news

  • Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

  • Hungarian border protection cure for illegal migration

  • What happened today in Hungary? 21 September, 2023

  • Ferencváros started the European Conference League with a win

  • Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

  • President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

1 Comment

  1. Questionable : says:
    11/07/2022 at 10:45

    “Show us the MONEY “.
    Not the Cheque “supposed” coming from the European Union – but if and when it arrives, into the hands of the present Hungarian Government – “Show us the MONEY”.
    WHAT – are the DISBURSEMENTS – plan(s) of it – if RECEIVED ???

Leave a Reply

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

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

Fidesz parl group leader: “we are waiting for explanation on Swedish film about Hungary”

Read More
Hungarian border protection cure for illegal migration

Hungarian border protection cure for illegal migration

Read More
What happened today in Hungary? 21 September, 2023

What happened today in Hungary? 21 September, 2023

Read More
Ferencváros started the European Conference League with a win

Ferencváros started the European Conference League with a win

Read More
Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

Hungarian opposition: WHO mustn’t be allowed to become ‘world government’

Read More
President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

Read More
Michelin Guide Hungary 2023: Sommelier of the Year winner named

Michelin Guide Hungary 2023: Sommelier of the Year winner named

Read More
The Hungarian government would use EU money to build a bridge for military purposes

The Hungarian government would use EU money to build a bridge for military purposes

Read More
Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

Read More

Hungarian FM: Global health-care cooperation must be totally depoliticized

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?