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Under the European Commission proposal, Hungary can receive 504 million euros (approximately 180 billion HUF) in soft loans from the EU Financial Instrument for Unemployment Reduction (SURE), according to the Brussels press release.
Hungary submitted its application for the EU crisis management program in August, and the committee approved requests for support from 16 EU member states before approving the Hungarian application.
Along with aid to Hungary, the EU has so far proposed € 87.8 billion in financial aid to 17 EU member states.
If the EU institution, which brings together the governments of the member states, approves the Commission’s proposal, Hungary will receive the aid in the form of concessional loans to cover the costs of short-time employment programs and measures related health.
Italy and Spain have received the largest funding from the SURE program to date, with € 27.4 billion and € 21.3 billion, respectively. Of the Visegrad countries, the Czech Republic received € 2 billion, Poland € 11.2 billion and Slovakia € 631 million.
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