Hungary will receive 10 billion euros from the EU Recovery Fund and 4.2 billion from cohesion funds, after the funds were previously blocked.
Lara Maior
International
miss.cabul/ Shutterstock.com
Always see our news on Google
The European Commission announced the unlocking of 10 billion euros in the form of grants and favorable loans from the EU Recovery Fund, as well as 4.2 billion euros from cohesion funds for Hungary. These funds had been blocked in Brussels during the term of former Prime Minister Viktor Orban. An additional 2.2 billion euros from cohesion funds will be available after the Budapest government makes further progress. Ursula von der Leyen, the head of the European executive, welcomed Hungary's progress regarding compliance with European standards on the rule of law and the fight against corruption. Hungarian Minister Magyar stated that these funds will contribute to the revitalization of the economy, mentioning significant investments in infrastructure. He emphasized that the unlocking of funds is not linked to Hungary's position on Ukraine's EU accession, but focuses on the rights of the Hungarian minority in Ukraine.
Sources
Latest News
15:12
The Vice President of Salvamont Romania raises an alarm about the personnel crisis: "8 out of 10 positions are unfilled. We have only 350 rescuers in the whole country."
15:07
Chancellor Friedrich Merz: Germany is facing "real threats" after the discovery of the third drone near the airport in Leipzig.
14:57
Russia considers possible space cooperation with the USA after the closure of the International Space Station.
14:49
Mihai Badea is set to take Claudiu Năsui's place in Parliament, after he accepted to become a minister in the Republic of Moldova.
14:40
At least 40 people have been killed following an attack by criminal gangs in Haiti
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
