KPO for Hungary, aid for Ukraine and CIT. There is an agreement in the EU

Next year, Ukraine will receive 18 billion euros of cheap loans, guaranteed by the EU budget. The money will be transferred in the form of monthly payments of 1.5 billion euros, starting in January, and will be allocated to the most urgent needs and the reconstruction of the energy infrastructure that has been destroyed by Russia.

The European Union has reached an agreement. Hungary will get KPO, there is consent for CIT

As far as the consent to KPO is concerned, it is a key decision for Budapest. Failure to accept it this year would mean Hungary would lose 70 percent of its GDP. funds from the allocated pool of EUR 5.8 billion. The third decision is to reduce the amount of blocked Hungarian funds from the EU budget due to corruption allegations. The European Commission wanted EUR 7.5 billion to be frozen, but EU countries decided that it would be EUR 6.4 billion.

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The latest decision taken by European leaders on Thursday is the approval of multinational corporations. The Polish government raised objections and doubts to him. The prime minister said today on the sidelines of the Brussels summit that it was about guarantees that the giants would pay taxes where they sell goods and services, and not in tax havens. Ultimately, Poland did not block the agreement.

EU Summit. Poland expressed doubts

Poland tried to divide the package to treat each element separately. On the other hand, lack of approval for one element would mean that the other three would not be approved.

Unofficially, it was said that Poland, which could withhold consent to the tax, wanted tougher sanctions against Russia. On the other hand, countries that care a lot about the tax, i.e. the Netherlands, Germany and France, were supposed to strive for easing the restrictions.