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Hungary may get billions of euros as the EU rolls out war-zone border aid
The European Commission is launching a new financing platform called the EastInvest Facility to make it easier for EU regions bordering Russia, Belarus and Ukraine to access funding.
The programme forms a central pillar of the EU’s new eastern strategy, driven by the heightened economic and security risks following Russia’s war against Ukraine.
According to the EU, border regions have been particularly exposed to trade disruptions, declining cross-border traffic and demographic pressures, making targeted support necessary.
Several major international financial institutions are joining forces behind EastInvest, including
- The European Investment Bank (EIB) Group
- European Bank for Reconstruction and Development
- Nordic Investment Bank
- Council of Europe Development Bank
Participants estimate the instrument could mobilise at least €28 billion in public and private investment across the eastern regions.
The timing of the initiative reflects the mounting pressure experienced by eastern border regions over the past two years. In several areas, cross-border trade has fallen, transport costs have risen and outward migration has accelerated.
The Commission warns that, over the longer term, these trends could significantly weaken the Union’s internal stability, which is why a targeted financial tool has been deemed necessary.
Border security also in focus
Beyond economic support, the strategy also encompasses the European Drone Wall initiative, aimed at reinforcing monitoring and protection along the eastern borders through the use of advanced technologies.
Photo: European Union
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In Felcsut, near Budapest has been pre-empted by the Hungarian prime minister’s entourage. His father, son-in-law and childhood friend have become wealthy thanks to contracts financed by the European Union, and own palaces, golf courses and sumptuous villas here.
With the extra millions the can create some more Palaces and zoo’s
‘Hungary may get billions of euros as the EU rolls out war-zone border aid.’
You mean Hungary might finally receive it’s own money back?
Question: Who is Hungary’s military adversary? According to Orbán, the Russians won’t attack NATO, and Hungary won’t be drawn into a war with Russia?
That leaves only its immediate neighbors. Perhaps Austria, which wants to restore Austria-Hungary, or Slovakia, Romania, Serbia, the Czech Republic, and Ukraine, which want to establish a protectorate over Hungary because Hungary is so rich?
But they get the money for defense against Russia. Anyone who still doesn’t see through this is beyond help.