EC assessment shows Hungarian reforms insufficient to unblock funds
The European Commission said on Friday that according to its latest assessment, Hungary's changes in legislation adopted to address the EC's rule of law concerns and the use of European Union funding have not been sufficient to fully unblock the funds.
Despite 17 remedial measures introduced by Hungary to address the concerns, “the overall assessment by the Commission was that, notwithstanding the steps taken by Hungary, the overall risk for the Union’s budget remains unchanged,” the statement released by the EC showed.
As a result, the Brussels body maintained its earlier proposal to suspend one-third (7.5 billion euros) of cohesion funding allocated for Hungary in 2021-2027.
