Conservative investor Nelson Peltz was trying to get new members elected to the board of directors at the 3 April shareholders meeting and thus steer the company away from their woke agenda, to no avail. The same woke board members retained their positions, to which the market, expecting a change, did not react well.
Additional previously frozen EU funding is set to reach Hungary, this time totalling more than €70 million. However, more than €20 billion funds are still withheld by Brussels.
This comes in addition to the €10.2 billion of COVID recovery and EU cohesion funds released in December 2023.
According to the report published by Amnesty International, the pro-family policy introduced by the Prime Minister is contrary to human rights, as it discriminates against individuals from the LGBT community and fosters a climate of fear in society.
Didier Reynders told the European Parliament that Hungary will not receive any funds from the Recovery Fund until specific reforms are enacted. The challenge for Hungary lies in the continual imposition of new conditions by Brussels, some of which are impossible to meet.
According to press reports, Donald Trump and Viktor Orbán are scheduled to meet in Florida on 8 March. As the perhaps two most prominent figures of the international right, they are gearing up for crucial elections in 2024, and their alliance is deemed more significant than ever.
Ursula von der Leyen’s recent remarks have confirmed it that the freezing of EU funds to Hungary was never primarily motivated by concerns about the rule of law. The withholding of the funds has rather been used as a tool to impose a leftist agenda on Hungary, including gender ideology and migration.
The payment would come as part of the Union’s RepowerEU plan, aimed to help Member States transition to green energy, thus would not come from the €36 billion of COVID recovery and cohesion funds suspended over supposed rule of law concerns.
Minister of Culture and Innovation János Csák terminated the employment of National Museum Director General László L. Simon on Monday. The director general’s downfall was caused by his inadequate addressing of the LGBTQ-related controversy around the World Press Photo exhibit the museum hosted.
Tibor Navracsics claims the Hungarian government has fulfilled all the criteria set by the EU Commission to access the funds, and could be receiving actual money transfers from Brussels as early as November.