By 2030, Hungary could become one of the “five most liveable countries” of the European Union, Regional Development Minister Tibor Navracsics told parliament’s Sustainable Development Council on Friday.
Navracsics said Hungary had a good chance to sign the deals necessary for the country to access EU cohesion and recovery funds before the end of December. He insisted that all operative programmes had been concluded and only a political approval was necessary to access the cohesion funds.
As for the recovery funds, the minister said those funds included grants and subsidised loans, adding that the government would decide at a later date if to resort to the latter.
Concerning utilisation of cohesion funds, the Hungarian government has retained its earlier structure of operative programmes, Navracsics said. The allocation of recovery funds, however, is not as flexible, with nearly one half of the available monies to be spent on a “green transition” of the economy, involving projects in the areas of diversifying energy sources, modernising the infrastructure, and promoting renewable energies, he said. He added that significant sums would also need to be set aside to finance digitalisation.