• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • 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
✕
Support us
DNH 2021 DNH 2021 · 10/07/2022
· Politics

Agreement entitling Hungary to get billions of EURO close?

energy EU funding European Union Hungarian government Hungary migration money recovery tax/VAT USA

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

energy EU funding European Union Hungarian government Hungary migration money recovery tax/VAT USA
Share
DNH 2021
DNH 2021

Related posts

Kristóf Szalay-Bobrovniczky, the candidate for defence minister
10/08/2022

First PzH2000 self-propelling gun arrives in Hungary


Read more
President János Áder and PM Viktor Orbán
10/08/2022

Hungarian opposition LMP turns to former president over tree-felling decree


Read more
Orban meets Trump
10/08/2022

Political scientist: Trump may visit Hungary soon


Read more

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

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.


.


Latest news
  • Sziget Festival opens with 95,000 visitors — PHOTO GALLERY
  • Kyrgyz cultural festival in Budapest
  • First shipment of liquefied natural gas from Croatia arrives in Hungary!
  • Wizz Air plane badly damaged by the weather — PHOTOS
  • Budapest Airport passenger numbers close to 1.3 m in July
  • What happened today in Hungary? – August 10, 2022
  • First PzH2000 self-propelling gun arrives in Hungary
  • Expats living in Hungary share their favourite Hungarian words

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!