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Reuters
Reuters
Business

Hungary flags further possible delay in access to EU funds -report

FILE PHOTO: A European Union flag flutters outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo

Hungary's European Union funds negotiator on Monday flagged a further possible delay in access to billions of euros of recovery money, saying ironing out remaining issues with Brussels over democratic reforms could last until the summer.

Hungary can receive some 5.8 billion euros ($6.2 billion) in free grants and a further 9.6 billion euros in cheap loans from the EU, but the bloc has suspended any payments until Budapest's nationalist government implements reforms to improve judicial independence and tackle corruption.

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