Hungary to “receive” 5.6 billion EUR from the EU to fight against coronavirus
The reason I put receive between quotation marks is that Hungary got the chance to redirect more than 4.8 billion EUR from EU-financed and mostly already running development projects to the additional support of the healthcare and the SME sectors. The remaining 855 million EUR is only the sum which is not already tied to a non-coronavirus project, so it can be regarded as financial support.
According to hvg, the European Union is helping its member states with more than 37 billion EUR, but most of this sum is only money countries are now allowed to redirect from already running development projects to help the healthcare and the SME sector or to protect quickly disappearing jobs. Members of the European Parliament approved the package in the first remote voting in its history.
The European Commission’s initiative aims to help the healthcare system, the SME sector, and would like to provide financial resources for member states to protect jobs. Furthermore, they can use the support to strengthen other vulnerable parts of their economy.
- Coronavirus – Hungary to produce medicine to stop the epidemic
- Five misconceptions about coronavirus
- This is what Hungarians think about the coronavirus
Hungary can get 5.6 billion EUR (2 thousand billion HUF, which is more than 10 pc of Hungarian annual GDP) from the package, but most of that money (4.8 billion EUR) is already assigned to running projects. The other, smaller part of this money (855 million EUR) is the so-called pre-financing of the structural development funds which Brussels allows to stay in the member states, which can spend it on the above-mentioned goals.
According to Index, the Hungarian government calculates with hundreds of thousands of unemployed people because of the economic depression that has already started due to the coronavirus epidemic. Employers hope that the crisis will be short, and they stress that they aim to re-employ the experienced colleagues who they had to send on a holiday because of the circumstances.
The MEPs also extended the purpose system of the EU’s Solidarity Fund on public healthcare emergencies. This way, in 2020, a further 800 million EUR can be sent to the member states.
The Parliament also approved the modification of the airport slot rules, so thanks to that, airlines can close the flights on which there are not enough passengers.Â
Source: hvg.hu, index.hu
please make a donation here
Hot news
Top Hungary news: American woman’s death was an accident? Gellért Hotel, best Christmas markets, new public holidays, Hungarian Watergate? – 11 November, 2024
World Aquatics temporary HQ inaugurated in Budapest
Hungarian baker couple winning awards in England – Their creations featured by the BBC: the M’s Bakery story
Top 5 Christmas markets in Budapest that will leave you breathless!
Only once in 22 years has the October general government deficit been bigger than now
Slovakia assures Hungary that the new Slovak language law will not curtail Hungarian minority rights
2 Comments
So it seems that the E.U. will ‘provide’ Hungary with about 850 million Euros to assist its healthcare system, SME sector, job protection, etc.
ASSUMING that Hungary actually receives those funds, the amount in question MIGHT just about cover Hungary’s efforts since 2015 to prevent Europe from being over-run by illegal migrants and ‘refugees’ via the so-called Balkan route.
A hearty ‘thank you’ should now be given to Jean-Claude, Angela, Emmanuel and a multitude of other ‘inkompetens szemely’ in positions of importance throughout the European Union.
As usual, Hungary will have to sort out problems without assistance from other countries (except China).
It is very reminiscent of 1956 : “Help is on its way !”.
“2 thousand billion HUF, which is more than 10 pc of Hungarian annual GDP”
Actualy it is less than 3.5 pc