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Ministers to Hold Talks on Frozen EU Funds

HUNGARY
  • Hungarian ministers Tibor Navracsics and Janos Boka will meet with EU Commissioners Johannes Hahn and Didier Reynders to discuss frozen EU funds. Navracsics said earlier that while he does not expect a deal to be reached Thursday, he still sees the funds being unlocked by the end of next month. Timing of the meeting has not yet been disclosed.
  • Economic Development Minister Nagy signed a cooperation agreement with the CEO of the Industrial and Commercial Bank of China (ICBC) yesterday, his ministry said according to MTI. The goal of the MOU is to further develop Hungarian-Chinese financial ties, strengthen trade ties between the two countries and promote business cooperation in the areas of investment.
  • Prime Minister Orban talked about a decline in the Western world and Europe's competitiveness, the importance of connectivity and Hungary as a meeting point of Eastern and Western economies in his address at the Belt and Road Initiative summit in Beijing yesterday, MTI report.
  • There are no major data releases on the docket today.

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