AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
World

Hungary denies EU executive seeks legal changes to protect stimulus spending

  • Fake news that European Commission requested Hungary to amend public procurement laws.
  • The government did not receive any kind of request from the European Commission, neither official nor informal.
Published February 9, 2021

BRUSSELS: Hungary denied on Tuesday that the European Union's executive asked it to reform its public procurement laws to improve competition and avoid fraud once billions of euros from the bloc's new pandemic recovery fund are made available.

Reuters reported on Monday that the European Commission has sought the changes as the bloc's 27 member states negotiate their spending plans before 750 billion euros of EU stimulus start flowing later this year to kickstart growth.

"Fake news that European Commission requested Hungary to amend public procurement laws: The government did not receive any kind of request from the European Commission, neither official nor informal," Hungarian government spokesman, Zoltan Kovacs, said on Twitter.

He added Budapest was asking the Commission to "deny these groundless claims".

An internal Commission document, which was seen by Reuters, said the Brussels-based executive - in charge of managing the record new spending - blamed "political opposition at the highest level" in Hungary for failing to overhaul the law it said had led to "systemic" irregularities and overpricing.

The EU's anti-fraud agency OLAF said last year that Hungary had irregularities in nearly 4% of its spending of the bloc's funds in 2015-2019, by far the highest rate among member states.

Hungarian Prime Minister Viktor Orban disputed the OLAF findings, telling Reuters in an interview last September: "I don't accept the point that Hungary is more corrupt than Austria or Germany or Denmark."

Comments

Comments are closed.