EU to release billions in frozen funds for Hungary amid Magyar reforms
The European Union has decided to release 16.4 billion euros in previously frozen funds for Hungary, marking a significant achievement for Prime Minister Peter Magyar. This decision comes after reforms initiated by Magyar's government, which succeeded Viktor Orban's administration. The funds are intended to support Hungary's economy and public services, with the first disbursement expected by the end of the year if all conditions are met.
- ▪The EU will unlock 16.4 billion euros for Hungary, a major win for Prime Minister Peter Magyar.
- ▪The funds were frozen under former leader Viktor Orban due to issues related to democracy and corruption.
- ▪Magyar has initiated reforms and aims to use the funds to rebuild Hungary's economy and public services.
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News|European UnionEU to release billions in frozen funds for Hungary amid Magyar reformsPM Peter Magyar called the agreement to unlock funds frozen under former leader Orban a ‘historic’ breakthrough.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoHungarian Prime Minister Peter Magyar is welcomed by European Commission President Ursula von der Leyen ahead of a meeting at the European Commission headquarters in Brussels [Olivier Hoslet/EPA]By Edna Mohamed, AFP and ReutersPublished On 29 May 202629 May 2026The European Union has announced it will unlock 16.4 billion euros ($19bn) for Hungary in a major win for the newly elected Prime Minister, Peter Magyar.The President of the European…
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