Arab Today, arab today eu unlocks frozen funds for hungary
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

EU unlocks frozen funds for Hungary

Arab Today, arab today

Arab Today, arab today EU unlocks frozen funds for Hungary

Luxembourg - AFP

The European Union lifted on Friday a heavy financial penalty on Hungary after the country took steps to put its public finances in order. EU finance ministers agreed to unfreeze 495 million euros ($620 million) in funds earmarked for Budapest next year after concluding that Budapest \"has taken measures to correct its excessive government deficit by 2012,\" a statement said. Brussels blocked the so-called \"cohesion\" funds in March as part of new efforts to clamp down on countries that fail to fix runaway deficits and debts. Such funds help less wealthy EU states build up their infrastructures. But the executive European Commission recommended last month that the EU lift the sanction, concluding that Hungary was acting to slash its budget shortfall. The commission said it expected Hungary to reach a 2012 budget deficit target of 2.5 percent of gross domestic product and a 2013 budget deficit well below 3.0 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu unlocks frozen funds for hungary Arab Today, arab today eu unlocks frozen funds for hungary

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu unlocks frozen funds for hungary Arab Today, arab today eu unlocks frozen funds for hungary

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday