this post was submitted on 01 Jan 2025
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Summary

Hungary will lose €1.04 billion in EU funds on January 1, 2025, as disputes with Brussels over corruption and rule of law persist, deepening its recession.

Hungary faces a deepening recession, with with €6.3 billion frozen over rule-of-law concerns, and €200 million lost annually due to daily fines for illegal asylum seeker treatment, alongside a 0.7% economic contraction and a 4.5% budget deficit.

Prime Minister Viktor Orbán is looking to Chinese investment to offset the €19 billion in blocked EU funds.

While Chinese projects, such as a battery plant, have increased, experts doubt they can replace the scale of EU funding.

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[–] Buffalox 97 points 3 days ago (30 children)

Why don't they just exit EU, and become part of Russian federation instead? That's apparently what they want. Although I have no idea why anyone would seriously want that?
But EU is not preventing them from doing what they really want, if they want to leave EU they can. Unlike if they were part of the Russian federation.
What you can't do is to work against basic principles of the EU, and then expect EU to support that.
I have no idea how it's in any way debatable for Hungary which side they should be on?

[–] resetbypeer 3 points 2 days ago

Because those euros do smell oh so sweet in his and his cronies pockets

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