Finance Minister Mihaly Varga – Photo: Facebook

Finance Minister: EU transfers another HUF 30 billion of funding to Hungary

Another 30 billion forints (EUR 75.2m) of previously blocked European Union funding has arrived in Hungary, Finance Minister Mihaly Varga said on Facebook on Friday.

The funding will be used as prefinancing for investments to advance the green and digital transition, the finance minister said.

“These funds will be used in the framework of an operative programme for environment and energy efficiency, Varga said.

He said the transfer brought the amount of funding drawn down from the 2021-2027 cohesion funds to 1.22 billion euros, placing Hungary 11th among member states in terms of drawdown.

“Since the end of December, Hungary has received more than 550 billion forints from the previously blocked EU funding,” Mihaly Varga said.

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