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Minister Expects EU Funds to be Unlocked in the Summer

HUNGARY
  • Hungary could access its EU funding in the summer after an assessment in spring of the measures taken to address concerns over the rule of law, Minister Navracsics said in an interview to Magyar Nemzet on Thursday cited by MTI. "I trust that we'll approve the draft legislation in the coming week, and I also trust that those changes will be in line with the [European] Commission's expectations," Navracsics said. "That could result in an assessment of our performance in April-May... and, consequently, we could access the European Union funding that is legitimately ours as soon as the summer," he added.
  • Foreign Minister Peter Szijjarto called for EU enlargement to be sped up, saying that the integration of Western Balkan countries would strengthen the bloc and help in the handling of current issues, MTI report.
  • EURHUF (-0.45%) has continued to trade lower for a fourth consecutive day. The cross has broken below the 20-day EMA (which intersects today at 387.29), exposing 381.12, the Mar 13 low. Key support and the bear trigger has been defined at 372.38, the Mar 1 low.
  • Prime Minister Orban will take part in an EU summit in Brussels today, while Cabinet Minister Gulyas briefs reporters at 0900 GMT/1000 local time about Wednesday’s government meeting. There are no major data releases scheduled today.
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