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Hungary passed another law to keep EU funds from disappearing

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The law is one of 17 promises made by Viktor Orban’s government to the European Commission.

The Hungarian parliament on Monday passed the first in a series of anti-corruption bills to prevent the loss of European Union funds. This was reported by Reuters.

Prime Minister Viktor Orban’s ruling party, Fidesz, adopted an amendment to the criminal code establishing a procedure for criminal offenses related to the management of state property. The amendment allows for litigation if an investigation is closed without charges being filed or a crime report dismissed.

136 representatives voted in favor of the bill, 7 voted against, 14 abstained.

The law is one of 17 promises the Orbán government made to the European Commission to prevent the suspension of billions of euros in EU funds.

A favorable payment decision later this year could ease pressure on the forint and Hungarian assets, which have sold off in recent weeks as emerging markets have been hit by the strength of the US dollar and due to Hungary’s weakness, its assets are particularly vulnerable to disaffection. .

Recall that the EU is threatening to block 7.5 billion euros for Hungary due to rule of law problems.

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Source: korrespondent

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