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Business Arena 30.11

The European Commission will decide whether Hungary’s new anti-corruption measures are sufficient to escape the freezing of European funds. In September, the Commission recommended to the Council and the European Parliament to vote against the allocation of EUR 7.5 bn in cohesion funds, due to “systemic irregularities” in public procurement in Hungary. And on Sunday OPEC+ is holding a virtual meeting and it obviously puts the focus on the pending European Union deal on a price cap on Russian oil ahead of the December 5 deadline imposed by the bloc for a full embargo on purchases of Moscow’s seaborne crude.

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