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.

  • Buffalox@lemmy.world
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    5 days ago

    Have you done ANYTHING? Like go to fora and try to ask if there are people trying to change things you can join?
    I’m not saying it’s easy or simple, it’s a pain in the ass, but I doubt it’s like Belarus and Russia where they use military and shoot demonstrators to keep the people in check.
    For every year you fail to restore democracy, you probably lose both freedom opportunities and get lower living standards compared to if democracy and relations to EU are restored.

    • theUwUhugger@lemmy.world
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      4 days ago

      I vote for the best chance in opposition (regardless of my commie opinions) and I illegally volunteer for them (I am a soldier)