The agreement provides inter alia: stipulation EUR 6.7 billion from the European Regional Development Fund (ERDF) to improve the energy efficiency of public and private buildings and increase energy production from renewable sources. On the other hand €250 million from the Just Transition Fund (JTF) coal evacuation and the last operational Hungarian coal-fired power plant, Matra, is used to support areas affected by the coal shutdown in the north of the country.
The Election Commission has also announced Euro 4.3 billion To support the smart economic transformation of the country and to be earmarked for regional ICT connectivity, Euro 1.5 billion Investments will be made in infrastructure and state-of-the-art research equipment, a Euro 1.7 billion To modernize the national transport infrastructure as part of the TEN-T network. On the other hand Euro 5.3 billiono To be earmarked for “access to the labor market, quality education and the integration of disadvantaged groups, including the Roma”.
Further Euro 1.8 billion Transferred to the funding of the education system, e.g. “To increase the attractiveness of the teaching profession”, is important in this regard Teachers in Hungary have been on strike for months demanding higher wages.
However, the funding is paid by the European Commission Hungary is subject to certain conditions Budapest has pledged, among other things, to negotiate a national recovery plan. In addition, the Electoral Commission’s report also mentions the need for Hungary to fulfill the conditions related to the Charter of Fundamental Rights, including the judiciary.
– The European Commission considers that the horizontal clause in the Charter of Fundamental Rights is yet to be fulfilled. This means that the European Commission cannot reimburse the costs. “We will continue to work with the Hungarian authorities to deal with this situation,” EU Integration and Reform Commissioner Elisa Ferreira was quoted as saying by Reuters.
The signed agreement specifies in detail how the money allocated to Hungary under the Cohesion Policy will be spent. These measures are objective Equalizing the standard of living between the rich and poor members of society; They are mainly paid by individual governments as reimbursement for money spent on agreed purposes.
There is a partnership agreement with Hungary Finally adopted by EC Agreements of this type with 27 Member States.
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