A further EUR 20 billion will be added to the recovery funds under the legislation adopted by the European Council on 21 February. However, the part of this amount of around HUF 270 billion (EUR 705.3 million) for Hungary will be blocked as before.
REPowerEU funding can be used to increase the capacity for renewable energy use, energy efficiency and energy storage by adding an additional chapter to the already adopted national recovery plan, hvg.hu reported. According to figures obtained by EUrologus, Hungary is entitled to 3.51percent of the total allocation, which is just over EUR 700 million. This is the eighth highest share among the Member States.
However, the fate of this money is the same as that of the EUR 5.8 billion in non-reimbursable recovery funds. In other words, until Hungary meets the requirements of strengthening the anti-corruption framework and restoring the independence of the judiciary, it cannot draw this money either.
This brings the total amount of money blocked from Hungary to EUR 6.5 billion, hvg.hu concludes.