The EC formulates serious shortcomings for Hungary in the rule of law report. Hungary has made some progress on the European Commission’s recommendations made in last year’s rule of law report, but there are still serious shortcomings. Therefore it has ruled that Budapest cannot access the remaining frozen EU funds, financial website Portfolio.hu writes. Last year, the EC made a string of recommendations, from enhancing the transparency of the judicial system to prosecuting corruption and reforming lobbying practices and campaign financing. The report acknowledges the ongoing judicial reforms,…