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Euronews
Euronews
Sandor Zsiros

EU Commission to dispatch team to Budapest as it mulls Hungarian investment bank for EU cash

The European Commission is looking for ways to help Hungary unlock billions in EU funding, dispatching a delegation to Budapest next week as the clock ticks.

Brussels has warned Budapest the receiving the full €10 billion in recovery funds before an August deadline will be difficult, suggesting that it may receive the full grants, but not the loans. Still, the Commission will send a team of senior officials to make a more detailed assessment with the now-in-office government.

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