BAFL 50.03 Increased By ▲ 3.53 (7.59%)
BIPL 22.41 Increased By ▲ 1.26 (5.96%)
BOP 5.42 Decreased By ▼ -0.11 (-1.99%)
CNERGY 5.05 Increased By ▲ 0.15 (3.06%)
DFML 19.18 Increased By ▲ 0.36 (1.91%)
DGKC 80.15 Increased By ▲ 0.15 (0.19%)
FABL 32.85 Increased By ▲ 2.00 (6.48%)
FCCL 20.25 Decreased By ▼ -0.14 (-0.69%)
FFL 9.65 Increased By ▲ 0.09 (0.94%)
GGL 13.60 Decreased By ▼ -0.37 (-2.65%)
HBL 121.34 Increased By ▲ 3.39 (2.87%)
HUBC 122.50 Decreased By ▼ -1.30 (-1.05%)
HUMNL 8.00 Increased By ▲ 0.05 (0.63%)
KEL 3.97 Increased By ▲ 0.46 (13.11%)
LOTCHEM 28.08 Decreased By ▼ -0.47 (-1.65%)
MLCF 42.20 Increased By ▲ 0.10 (0.24%)
OGDC 121.33 Increased By ▲ 0.32 (0.26%)
PAEL 20.23 Increased By ▲ 1.39 (7.38%)
PIBTL 5.80 Increased By ▲ 0.10 (1.75%)
PIOC 115.90 Increased By ▲ 2.19 (1.93%)
PPL 110.75 Increased By ▲ 2.40 (2.22%)
PRL 29.58 Increased By ▲ 1.76 (6.33%)
SILK 1.08 Increased By ▲ 0.01 (0.93%)
SNGP 69.03 Decreased By ▼ -0.37 (-0.53%)
SSGC 13.70 Increased By ▲ 0.45 (3.4%)
TELE 8.75 Decreased By ▼ -0.04 (-0.46%)
TPLP 14.67 Increased By ▲ 1.02 (7.47%)
TRG 91.30 Decreased By ▼ -0.64 (-0.7%)
UNITY 27.25 Increased By ▲ 0.59 (2.21%)
WTL 1.63 Increased By ▲ 0.06 (3.82%)
BR100 6,648 Increased By 104.2 (1.59%)
BR30 23,568 Increased By 358.1 (1.54%)
KSE100 64,718 Increased By 800.4 (1.25%)
KSE30 21,594 Increased By 242.4 (1.14%)
World

EU tells Hungary to change procurement, cites ‘systemic’ fraud

  • The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
  • Competition in public procurement is insufficient in practice," said the document, adding that that was linked to "systemic irregularities".
Published February 8, 2021

BRUSSELS: The European Union's executive has told Hungary to reform its public procurement laws to curb systemic fraud before billions of euros from the EU pandemic recovery fund become available, according to an internal document seen by Reuters.

The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.

There was no immediate response from the Hungarian government to an emailed request for comment on the document.

The bloc wants outright changes to Hungary's public procurement laws, according to the Jan. 26 Commission document laying out specific legal changes required of Prime Minister Viktor Orban's government.

"Competition in public procurement is insufficient in practice," said the document, adding that that was linked to "systemic irregularities" that "led to the highest financial correction in the history of (EU) structural funds in 2019".

The document called specifically for improved data transparency and accessibility, arguing that that would lead to a fairer and more open procurement process.

Budapest, which has had a series of battles with EU authorities over rule of law issues, is due to get nearly 6.3 billion euros in free grants from the recovery scheme if its spending plan is proposed by an end-of-April deadline, and then accepted by Brussels and other EU countries.

Comments

Comments are closed.