Hungary rules botched subsidies
Hungary tops the list of countries for most OLAF recommendations for the recovery of EU funds between 2014 and 2018. In these four years, OLAF concluded 52 probes into misuse of funds and recommended that the EU Commission to recover 3.84 percent of payments made to Hungary under the bloc’s structural and independent funds and […]
Slovakia: The Countess and the farmers
The European Union directs a massive amount of money towards Slovakia in the form of agricultural subsidies. These funds are managed and redistributed by the Agricultural Paying Agency (APA), an organisation with an annual budget of more than half a billion euros at its disposal. This kind of money attracts not only farmers and agricultural […]
Subsidised and defrauded. Visegrad EU funds under the eye of OLAF
For over twenty years, the European Anti-Fraud Office (commonly known as OLAF, from the French: Office européen de lutte antifraude) has been protecting the EU’s financial interests, investigating fraud, corruption, and serious misconduct within the Union’s budget and institutions. The office has also developed an anti-fraud policy for the European Commission. But while OLAF looks […]
U.S. fears “malign influence over the region” of a Russian bank in Hungary
Hungary’s government agreed to limit the number of people who could receive diplomatic immunity in Hungary as staff or guests of the International Investment Bank (IIB). Only one or two dozen of them would receive immunity, Direkt36 has learned. The bank relocated its headquarters from Moscow to Budapest this summer. This story was first published […]
