Finance Minister Kármán: the EU is set to approve Hungary’s RRF plan – billions of euros may arrive soon

More than EUR 3 billion in foreign-currency debt raised by Péter Magyar’s government — and with good reason

The move is closely tied to the anticipated release of previously frozen European Union funds. eufunds money fxloan loan money magyargovernment Continue reading: https://dailynewshungary.com/peter-magyar-government-takes-up-fx-debt/

Hungary Clears Final EU Hurdle for €10 Billion RRF Funding

EU finance ministers have approved Hungary’s revised Recovery and Resilience Plan, clearing the final Council-level hurdle for Prime Minister Péter Magyar’s government to seek 10 billion in post-pandemic funding. The decision implements the political agreement with Ursula von der Leyen in May, but payments remain conditional on reforms completed by the end of August. The post Hungary Clears Final EU Hurdle for 10 Billion RRF Funding appeared first on Hungarian Conservative.

Promises of support against the backdrop of pressure from Russia became the main thesis of Leyen in Yerevan.

The head of the European Commission, Ursula von der Leyen, called the results of the parliamentary elections in Armenia a reflection of the citizens' focus on the European path and promised, in addition to financial support, to open the European market to almost 99 of Armenian agricultural products, as well as about 90 of beverage exports. However, she did not specify approximate timelines for the liberalization of the visa regime.

Ghana needs united push on sustainable finance — Asiama

The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has called for a united national effort to embed sustainable finance into Ghana’s financial system. He said the country’s economic future depended on its ability to anticipate emerging risks, attract global investment and build resilience against climate change. Launching Ghana’s Sustainable Finance Roadmap The post Ghana needs united push on sustainable finance — Asiama appeared first on Ghanaian Times.

Moscow Says Western Financial Support for Ukraine Has Become Irrecoverable Spending

European financial institutions and the International Monetary Fund (IMF) are effectively writing off funds allocated to Ukraine because they do not expect the money to be repaid, Russian Senator Vladimir Dzhabarov said. In comments to Pravda.Ru, the first deputy chairman of the Federation Council Committee on Foreign Affairs argued that Western creditors recognize the lack of prospects for their current investments. Senator Questions Ukraine’s Ability to Repay Foreign Support Earlier reports stated that foreign financial assistance to Ukraine has exceeded 550 billion over the past four years.