Hungarian ministers who’ve assumed powerful positions at public trusts overseeing universities have resigned from those posts to help resolve one of a series of conflicts with the European Union.
(Bloomberg) — Hungarian ministers who’ve assumed powerful positions at public trusts overseeing universities have resigned from those posts to help resolve one of a series of conflicts with the European Union.
Hungary is seeking to unlock EU funds “as soon as possible,” Cabinet Minister Gergely Gulyas told reporters on Thursday after a three-day government meeting. The EU has cut off Hungary from its flagship Erasmus academic scholarship program as well as crucial university funding, citing political influence over higher education.
Including Covid-recovery funds, the EU has effectively suspended more than $30 billion in payments due to graft and rule of law concerns. The government would use the more than $10 billion in grants and loans from the recovery fund to finance an energy overhaul, including boosting renewables and reducing dependency on Russia, Gulyas said.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.