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
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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.
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