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Hungary’s government decided earlier that European Union credit available in the framework of the Recovery and Resilience Facility (RRF) didn’t dovetail with national targets, state secretary for EU developments Szabolcs Ágostházy said in an interview published in Monday’s issue of business daily Világgazdaság.
When Hungary submitted its RRF plan to Brussels about a week earlier, Ágostházy said the country would use the grant money available but would not call down RRF credit “for the time being”.
“We had planned development programmes earlier in the framework of drawing down larger amounts of credit. During that time, as we negotiated with the European Commission, it became more and more clear that the credit products offered by the EU did not fit seamlessly with achieving the goals of the Hungarian government,” Ágostházy told Világgazdaság.
German media network RND, in an article on Monday, reported on the forecasts predicting a rapid recovery of the Greek economy after the pandemic, mainly due to tourism and the European Union Recovery Plan.
The German media outlet cited recent good forecasts for the Greek economy’s performance once pandemic restrictions are lifted.
“The EU Recovery Plan for the coronavirus [pandemic] is an important developmental tool,” it said.
The German article explained that Greece expects 30.5 billion euros from the programme grants and low-interest loans by the end of 2026, which it is planning to use on climate protection and digitisation projects.
President of the European Commission, Ursula von der Leyen initiated a proposal regarding the increase of minimum wages across Member States of the EU.