Commentary
Economy & Tech
Unlocking the Economic Promise of India–V4 Relations
10 April 2025
This article is part of a 5-part series which covers the V4 governments’ plans to utilise the Recovery and Resilience Facility (RRF) earmarked by the EU for reinvigorating the economies from the lengthy economic hardships imposed by the COVID-19 epidemic. With the most recent official plans not yet published, it is hard to assess the merits of Hungary’s strategy; however, what is certain is that opposition parties and city governments were not consulted during the initial planning nor the subsequent redrafting, which does not spell confidence in the preceding.
On 11 May, Hungary’s government submitted a new version of the national recovery plan to the European Commission after the initial document came under criticism from green groups, NGOs, the European Commission and Members of the European Parliament.
As the details on the latest version of the document have not been published, the plan’s targets have not been assessed by the Green Recovery Tracker. It envisages 7.2 billion euros in grants after the government signalled it would forgo the loans component worth 9.1 billion euros.
Links to the other parts of this series:
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