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
15:54
Constantin Toma announced that he will not run for the PSD for the Buzău City Hall in 2028
15:51
The ECHR condemned Bulgaria for the demolition of a Roma camp in 2023
15:48
Daniel Oprița will continue at Steaua Bucharest. The coach had submitted his resignation a week later.
15:42
The European Commission has confirmed the receipt of the letter from the leaders of the EPP and Renew Europe regarding the "Fritz amendment" from the new Integrity Law.
15:38
A fire at a gas chemical complex in Russia has injured over a hundred people and resulted in the death of a Chinese citizen.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
