It turned out that Hungary will receive another HUF 40 billion in EU money to restore the effects of the epidemic
THE REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) is part of the NextGenerationEU package and will provide additional funding of € 50.6 billion in current prices for its cohesion policy programs in 2021 and 2022, to be used by the end of 2023. The full envelope will be made available in two tranches: around € 40 billion in 2021, of which € 36.6 billion is already they are also tied down various measures, in particular to bridge the gap between the measures taken at the beginning of the crisis and the long-term crisis.
Of this nearly 40 billion, 881.2 million euros yellow Hungary and so far the Hungarian government has used relatively little of this, only 411.5 million euros (associated with it).
The remaining nearly € 11 billion has now been allocated. Benefits are based on countries’ GDP, unemployment and youth unemployment. product breakdown takes into account the impact of the coronavirus pandemic on farms according to statistics from 19 October 2021. Based on all this, the amount for 2022 is 104.4 million euros source To Hungary.
With additional REACT-EU funding, additional improvement support can be implemented – improving the resilience of the health care system and businesses and increasing support for the most vulnerable groups – while helping to deliver green and digital priorities in order to strengthen smart, sustainable and cohesion-enhancing cohesion. recovery.
Cover image source: Portfolio