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Hungarian Parliament approves amendment to access EU funds

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Hungarian Parliament approves amendment to access EU funds

Budapest, Oct 24 (Prensa Latina) The Hungarian National Assembly on Monday approved a reform related to declarations of assets by politicians, a requirement of the European Union (EU) to unlock access to post-pandemic recovery funds.

The new legislation modifies the current declaration law and now those affected will have to report each year on their income, debts, real estate.

The European Union blocked this country’s access to 7.5 billion euros of EU funds due to what it described as continuous violations of the principles of the rule of law.

The EU questioned the administration of Prime Minister Viktor Orban, among other points, for issues related to corruption and fraud in public procurement procedures.

In recent weeks, the Hungarian National Assembly has approved a series of reforms in response to the demands of the European Union.

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