Hungary to receive just 1.1% of ECs new Just Transition Fund

The European Commission on Tuesday introduced a financial plan to mobilise EUR 1,000 billion worth of investments over the next 10 years to support the transition to a sustainable economy. The plan would help the European regions most affected with at least EUR 100 bn invested over seven years, adding EUR 7.5 bn to the Multiannual Financial Framework (MFF) and rerouting at least EUR 11 bn from the cohesion policy budget. Hungary would receive EUR 82.2 mn, 1.1% of the entire budget, Bruxinfo reported. Poland will receive the highest funding at EUR 2 bn.