AGP Executive Report
Last update: 3 hours agoEU Recovery Funding Cleared: The EU Council approved Hungary’s revised Recovery and Resilience Plan, unlocking up to €10bn (about €6.5bn grants and €3.5bn loans) with payments tied to milestones on reforms, anti-corruption, procurement transparency, and rule-of-law safeguards. Drought Deepens: HungaroMet warns no widespread rain is coming, with soil moisture critically low and drought intensifying; wheat and barley harvest is underway but yields are already suffering. Heat Hits Crops: EU and UK grain forecasts were cut after the heatwave, with maize production revised down and Hungary named among affected areas. Green Corridor Push: Hungary’s energy ministry says it has started the paperwork to get the Green Corridor project listed as a Project of Mutual Interest, aiming for EU co-financing and stronger investor appeal. Clean Transport Rollout: OMV Petrom completed an EU-funded EV charging expansion along the TEN-T corridor, adding 384 charging points across Romania, Hungary, and Slovakia. Balaton Beach Award: Kisfaludy Beach in Balatonfüred won the “Best Beach on Lake Balaton” title for 2026, based on cleanliness, facilities, accessibility, and services.
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